Cords Cable Industries Receives Rectification Order Reducing GST Demand
Cords Cable Industries received a Rectification Order reducing its GST demand from ₹35.59 lakh to ₹18.31 lakh. A penalty and interest are also confirmed. The company plans to appeal the order, stating no material impact on its operations or finances. The original order was dated December 16, 2025.
The company has stated that there is no material impact on its financial, operational, or other activities, despite the confirmed penalty and interest.
The sentiment is neutral as the GST demand has been reduced, which is positive, but it still involves a significant amount and the company intends to appeal, indicating ongoing uncertainty.
Cords Cable Industries Limited has received a Rectification Order No. 05/AC/GST/BHD-TIJARA/2026-27 dated June 15, 2026, from the Assistant Commissioner, CGST, Division Tijara, Alwar Bypass Road, Bhiwadi, Rajasthan. This order revises the original order (OIO No. 48/GST/BHD-TIJARA/25-26 dated December 16, 2025).
The rectification has reduced the GST demand from ₹35,59,462 to ₹18,31,384.46. The order also confirms a penalty equivalent to the revised tax demand under Section 74 and Section 122(2)(b) of the CGST Act, 2017, along with applicable interest on the short-paid tax.
The authority had disallowed input tax credit on purchases pertaining to the Financial Years 2018-19 to 2022-23. The company stated that there is no material impact on its financial, operational, or other activities. Cords Cable Industries Limited intends to file an appeal against the said order with the Commissioner Appeal.
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Cords Cable Industries Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Cords Cable Industries Limited. Read the original for the full detail.