Tax & Penalty23 May 2026, 10:30 am
Thomas Cook India: Faces ₹3.66 Lakh GST Penalty
AI Summary
Thomas Cook (India) Ltd received an order from the Commercial Tax Officer, Chennai, regarding a demand for short payment of GST. The order confirms a demand of ₹1,25,434, applicable interest of ₹1,14,932, and a penalty of ₹1,25,434 under the CGST Act 2017. The company is evaluating necessary steps but anticipates no material financial or operational impact.
Key Highlights
- Thomas Cook India received a GST penalty order from Chennai tax authority.
- The order includes a demand of ₹1,25,434 for short payment of GST.
- Applicable interest amounts to ₹1,14,932.
- A penalty of ₹1,25,434 is levied under the CGST Act 2017.
- The company is evaluating the order and expects no material impact.
Price Impact
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