Cords Cable Industries receives ₹3.79 crore GST demand order with equivalent penalty for FY19-20
Cords Cable received a ₹3.79 crore GST demand order with an equivalent penalty for incorrect input tax credit availment for FY19-20. The company plans to appeal.
While the demand and penalty are substantial (totaling approximately ₹7.58 crore), the company has stated that there is no material impact on its financial or operational activities, and it plans to appeal the order, which could mitigate the final financial burden.
The company faces a significant financial liability due to a GST demand of ₹3.79 crore and an equivalent penalty, stemming from disallowed input tax credit, which is a negative development despite the intent to appeal.
Cords Cable Industries Limited has received a GST demand order from the Additional Commissioner, CGST Alwar, Commissionerate. The order (no. ALW-GST-Addl.-Commr-70/2025-26 dated October 28, 2025, digitally signed October 31, 2025) was received on November 03, 2025. Key details of the order are: * Nature of Action: Demand Order for Tax of ₹3,78,77,347/- (approximately ₹3.79 crore) under Section 74 of the CGST Act, 2017, read with corresponding provisions of SGST Act, 2017 & IGST Act, 2017. * Penalty: An equivalent amount of GST penalty under Section 122(2)(b) of the CGST Act, 2017, along with applicable interest. * Violation: The authority disallowed input tax credit on purchases utilized during the period of FY 2018-19 and FY 2019-20. * Company's Response: Cords Cable Industries Limited intends to file an appeal against the said Order with the Appellate Authorities. * Impact: The company has stated that there is no material impact on its financial, operations, or other activities.
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