Tata Steel Share Price: Tata Steel shares are in focus today after the company secured a favourable order in a GST compensation cess case amounting to Rs
162 crore. Tata Steel shares on Tuesday opened in the green and traded with positive bias at Rs 169.75 at 9:35 AM on NSE. Earlier on Monday, Tata Steel said that the GST department has set aside Rs 162 crore net tax demand order. In an exchange filing, the on Monday, Tata Steel said that it has received a "favourable order" from the Joint Commissioner of CGST Central Excise, Jamshedpur, Jharkhand in a show cause cum demand notice related to the erstwhile Tata Steel Long Products Limited (TSLP). Notably, the GST authorities had raised concerns about input tax credit compensation cess amounting to Rs 161.52 crore availed by TSLP from April 2019 to February 2024. "On December 19, 2025, the Company received a favourable Order dated December 17, 2025, passed by the Joint Commissioner of CGST & Central Excise, Jamshedpur, Jharkhand (‘Authority’). In terms of the said Order, the Authority took cognizance of the fact that, the Company had already paid necessary GST amounting to Rs 160,28,29,018 while filing its GST returns and therefore, the same stands appropriated to the Government exchequer. Additionally, the balance tax demand amounting to Rs 1,23,22,617 has been dropped," Tata Steel said. "Accordingly, the aggregate tax demand against the Company amounting to Rs 161,51,51,635 (Rs 160,28,29,018 + Rs 1,23,22,617) has been set aside by the Authority," the filing said, adding that "penalty amounting to Rs 161,51,51,635 should not be levied on the company".
Tata Steel Long Products Limited (TSLP) was merged into Tata Steel in 2023.The merger, which was a part of Tata Steel's broader plan to consolidate its businesses, became effective on November 15, 2023. The company had offered 67 shares of Tata Steel for every 10 TSLP shares held.
Commenting on Tata Steel stock, Shrikant Chauhan of Kotak Securities said that the entire metal space is buzzing due to a combination of global macroeconomic factors and strong demand. Speaking to ET NOW Swadesh, he said that Tata Steek is his top pick from the metal sector as he recommended buying its shares at current levels.
"Metal stocks could remain in uptrend in the near term. My recommendation is to buy Tata Steel shares at current levels for a target of Rs 178 and Rs 181," he said and suggested keeping a stop loss at Rs 167 to manage the risk effectively.
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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
