Tax & Penalty16 Jun 2026, 10:31 am
Cords Cable GST Demand Reduced to ₹18.3 Lakhs
AI Summary
Cords Cable Industries Ltd has received a GST Rectification Order from the Assistant Commissioner, CGST, reducing the GST demand from ₹35,59,462 to ₹18,31,384.46. The order also confirms a penalty and applicable interest. The company disallowed input tax credit on purchases for FY 2018-19 to 2022-23. Cords Cable intends to appeal this order. The company stated there is no material impact on its financial or operational activities.
Key Highlights
- GST demand reduced from ₹35.59 Lakhs to ₹18.31 Lakhs.
- Penalty and interest confirmed on revised tax demand.
- Company plans to appeal the rectification order.
- No material impact on financial or operational activities.
Price Impact
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