Hindustan Zinc Fined ₹45.98 Lakh for ITC Issues; Company to Appeal

• Hindustan Zinc, a Vedanta subsidiary, was fined ₹45.98 lakh by the Assistant Commissioner, Central GST Division-Rudrapur.
• The penalty is related to Input Tax Credit (ITC) issues for the financial years 2018-19 and 2019-20.
• Hindustan Zinc received the order on December 13, 2025, and plans to appeal the decision.
• The company expects a favorable outcome and does not anticipate a significant financial impact from the penalty.

Why It Matters: A major company's tax fine signals regulatory focus on corporate compliance.