Tata Chemicals Limited has received an Order from the Office of the Deputy Commissioner of State Tax, Jamnagar, Gujarat levying a penalty of INR 1,949,387/- under the Central Goods & Service Tax Act (CGST Act) /Gujarat Goods & Service Tax Act (GGST Act) & Rules framed thereunder. Based on the merits of the matter, prevailing law and the advice of the counsel, the Company is planning to appeal against the Order before the appellant authorities and reasonably expects favourable orders from the appellant authorities. Details of the violation(s)/contravention(s) committed or alleged to be committed; Reversal of input tax credit from CGST and SGST instead of IGST for fiscal year 2018-19.

The Company has received an Order dated April 26, 2024, levying a penalty of INR 19,49,387/- rejecting the submissions made against the Show Cause Notice under Section 73 of the CGST/GGST Act without deliberating the merits of case.