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CNBC-TV18 learned that the Mumbai GST area has detected Rs 265 million tax evasion by JSW Steel. The GST authorities claim that JSW Steel had improperly benefited from the input tax credit as compensation for coking coal used for domestic consumption.

Consequently, the GST authorities claimed the unused tax credit as a refund and JSW Steel is known to have reimbursed around Rs 261.7 million in various tranches to the GST authorities. CNBC-TV18 you have written to JSW Steel for a formal comment and are awaiting your response.

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