Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
As filed · Tata Steel Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
RegulatoryWatchNotablemateriality 61 out of 100
What happened
FactTata Steel Limited received a show cause cum demand notice from the Office of the Commissioner (Audit), Central Tax, proposing disallowance of Input Tax Credit for the period FY2018-19 through FY2022-23, with a total GST amount demanded of ₹1,007,54,83,342. The Company has already paid ₹514,19,36,211 of this amount, leaving an alleged exposure of ₹493,35,47,131. An Adjudication Order was received directing the payment of the remaining tax amount along with a penalty,…
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
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Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
Evidence
How CapitSignal classified this
- Reasoning:
- LITIGATION base 56; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%