JSW Steel Limited — Important, 05-02-2025: General Updates

The company has received a GST payment demand order totaling ₹29.35 Cr from the Office of the Principal Commissioner of Central Tax in Bengaluru. This order includes a principal amount of ₹14.68 Cr, a penalty of ₹14.68 Cr, and applicable interest, stemming from alleged non-payment of GST on interest charges recoverable from a customer for the period FY 2017-18 to FY 2022-23. JSW Steel contests the demand, asserting no interest was charged to the customer and is taking steps to file an appeal based on legal advice. The company anticipates no financial or operational impact from this issue moving forward, signaling a stable outlook for investors.