Tag: JSW tax
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India: Odisha’s Commercial Tax Department accuses JSW Steel of transferring out Input Tax Credit
JSW Steel has been served with a notice for allegedly transferring unutilised Input Tax Credit amounting to Rs 915.91 crore from its mining business in Odisha to the parent steel company and other units outside of the state. The notice from the Odisha’s Tax Department expects it to pay this amount with interest of 24…