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India businessin Financial Markets
4 hours ago

India's financial markets face challenges as foreign bond inflows decline and domestic stocks open lower, while global funds may pivot to China amid shifting sentiment.

Tata Steel gets Rs 1k-cr input tax credit notice

Times of IndiaSunday, June 29, 2025 at 9:34:58 PM
Tata Steel gets Rs 1k-cr input tax credit notice
Tata Steel has been slapped with a notice from tax authorities demanding around ₹1,000 crore in input tax credit—a claim the company disputes. Essentially, the government is saying Tata Steel owes this money, but the steel giant argues it’s already complied with tax rules. This could turn into a drawn-out legal tussle unless resolved.
Editor’s Note: For Tata Steel, this isn’t just about the hefty sum—it’s a headache that could tie up resources in legal battles and dent investor confidence. For the broader business world, it’s a reminder of how tricky India’s tax landscape can be, especially for large corporations navigating GST claims. If disputes like this pile up, it might even spook other industries dealing with similar scrutiny.
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