Legal1 Apr 2026, 12:52 pm
Finolex Cables Ltd Receives Original Order from Additional Commissioner, Central GST, Deharadun, Uttarakhand
AI Summary
Finolex Cables Ltd has received an original order dated March 30, 2026, from the Additional Commissioner, Central GST, Deharadun, Uttarakhand. The order, which appears to be ill-considered and issued without application of mind, is related to a Show Cause Notice for mismatch of ITC, difference in E way Bills, and late payment to Creditors. The company will file an appeal before the Appellate Authority against the order. The tax demand is Rs. 29,46,09,345/- (Tax Rs. 29,44,22,806/-, Penalty Rs. 1,86,539/-), which is not having a major impact on the operations of the company.
Key Highlights
- Finolex Cables Ltd received an original order from the Additional Commissioner, Central GST, Deharadun, Uttarakhand.
- The order is related to a Show Cause Notice for mismatch of ITC, difference in E way Bills, and late payment to Creditors.
- The company will file an appeal before the Appellate Authority against the order.
- The tax demand is Rs. 29,46,09,345/- (Tax Rs. 29,44,22,806/-, Penalty Rs. 1,86,539/-).
- The tax demand is not having a major impact on the operations of the company.