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.