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The Office of the Commissioner of GST and Central Excise in Belagavi has levied a penalty of ₹64.47 crore on JSW Steel for alleged non-payment of GST related to mining rights from July 2017 to July 2019. The company asserts that it has already met its tax obligations under the reverse charge mechanism and will challenge the penalty through appeals, citing previous judicial rulings. Importantly, JSW Steel has indicated that this matter will not impact its financials or operations, and it remains confident in its compliance stance. Investors should monitor this situation closely, as it may influence company sentiment moving forward.