Vedanta Faces GST Demands, Earns ESG Score As It Evaluates Next Steps

Vedanta Limited has informed the stock exchanges of two tax-related orders issued under the GST framework. In Goa, the Commercial Tax Office at Panaji has raised a demand aggregating to about Rs 193.96 crore, including tax, interest and applicable charges for prior years, while a separate order from the Joint Commissioner, GST and Central Excise, Rourkela, involves a demand of roughly Rs 160.45 crore on similar grounds.
​
The company has indicated that it is in the process of evaluating the orders and deciding its course of action, and does not presently expect either order to have a material financial impact. In a separate disclosure, Vedanta stated that it has received an ESG rating score of 71 from CFC Private Limited, a SEBI-registered ESG Rating Provider, based on CFC’s independent methodology uploaded on the latter’s website, and clarified that CFC was not engaged by Vedanta for this exercise.

​Key Highlights

• Authority in Goa: Office of the Commercial Tax, Goa Rajya Kar Bhavan, Panaji; demand of about Rs 193.96 crore for earlier periods.
• ​Authority in Rourkela: Office of the Joint Commissioner, GST and Central Excise; demand of about Rs 160.45 crore for FY 2017–18 to FY 2022–23.
• ​Vedanta is assessing legal options and currently does not foresee any material financial impact from these orders.
• ​ESG update: Company communicated an ESG rating score of 71 from CFC Private Limited, a SEBI-registered ESG Rating Provider.
• ​CFC’s rating is based on its own published methodology; Vedanta clarifies it has not engaged CFC for ESG evaluation.

​
Sources: Vedanta Limited disclosures to BSE and NSE dated 25 December 2025