CONCOR fined ₹3.26 Cr by GST Authority for FY19-20

Container Corporation of India Ltd (CONCOR) has received an order from the Joint Commissioner of State Tax (Appeals) IV, Mumbai, imposing a demand of GST of ₹2,91,54,108/-, penalty of ₹34,43,968/-, and interest of ₹3,26,43,258/- for the Financial Year 2019-20. The order, dated 19.10.2026, was received on the same date. The allegations include claiming ITC from GSTR 3B non-filers, excess ITC claims, and short deposit of tax. 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.