Tax & Penalty21 Oct 2026, 06:10 pm
CONCOR fined ₹2.57 Cr by GST Authority
AI Summary
Container Corporation of India Ltd (CONCOR) has received an order from the Joint Commissioner of State Tax, Mumbai, imposing a demand of GST of ₹2,57,75,816/-, a penalty of ₹27,63,866/-, and interest of ₹2,96,43,474/-. The order, dated 19.10.2026, pertains to an appeal for FY 2018-19, alleging excess availment of ITC, short payment of tax, inadmissible ITC, and short reversal of ITC. CONCOR believes there is no non-compliance and no material impact on its financials or operations. The company is taking appropriate action, including filing an appeal.
Key Highlights
- GST demand of ₹2.57 Cr plus penalty and interest imposed.
- Order received from Joint Commissioner of State Tax, Mumbai.
- Allegations include excess ITC, short tax payment, and inadmissible ITC.
- Company asserts no non-compliance and no material financial impact.
- CONCOR plans to file an appeal against the order.
Price Impact
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