Vedanta Limited Faces ₹54.6 Crore Penalty Order from CGST & CX, Ranchi
Vedanta Limited received an order from CGST & CX, Ranchi, confirming a penalty of ₹54.62 Crore, along with tax demand and interest. The issue relates to GST on financial income and input tax credit reversal for FY 2018-19 to FY 2022-23. The company plans to appeal the order, expecting no material financial impact.
A penalty of ₹54.62 Crore is substantial, but the company's expectation of no material financial impact and its intention to appeal suggest the immediate impact might be contained.
The company has received a significant penalty order, which is negative. However, the company plans to appeal and believes there will be no material financial impact, which mitigates the negativity.
Vedanta Limited (the Company) has received an Order-in-Original from the Joint Commissioner of CGST & CX, Ranchi, confirming a penalty of ₹54,61,78,958 (INR 54.62 Crore) along with tax demand and applicable interest. This order pertains to the payment of GST on various financial incomes and the reversal of input tax credit due to defaulting vendors for the financial years 2018-19 to 2022-23.
The order, bearing number 93/GST/JC/Ran/2025, was received by ESL on December 30, 2025, at 15:57 PM. The issue involves alleged violations related to GST on financial income and input tax credit reversals.
The Company, considering the merit of the case, intends to file a writ petition before the court or an appeal against the said order with the Appellate Authorities. Vedanta Limited is hopeful of a favorable outcome and does not anticipate any material financial impact on the Company as a result of this order.
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Vedanta Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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