Cords Cable Receives GST Demand Order from CGST Division - Tijara
Cords Cable received a GST demand order for ₹1.06 crore with an equivalent penalty. The company has deposited ₹1.77 crore under protest and intends to appeal the order.
While the company intends to appeal and has already deposited an amount under protest, the demand order and penalty represent a financial liability and potential legal challenge, leading to a medium impact.
The announcement discusses a GST demand order and associated penalties, which indicates a negative financial and regulatory event for the company.
* Cords Cable Industries Ltd. received a GST demand order from the Office of the Assistant Commissioner, CGST Division - Tijara, Alwar, Rajasthan. * The order, dated November 10, 2025, was received on November 11, 2025. * The demand includes ₹1,05,87,295 towards IGST under Section 74(9) of the CGST Act, 2017, along with an equivalent penalty under Sections 74(1) and 122(1)(vii) of the CGST Act, 2017, read with Section 20 of the IGST Act, 2017 and SGST Act, 2017, and applicable interest, for incorrect availment of input tax credit. * The company has already deposited ₹1,76,55,460 under protest towards the demand, interest, and penalty. * A penalty of an equivalent amount of IGST has also been levied on the Managing Director and erstwhile Whole Time Director under Section 122(3)(a) of the CGST Act, 2017. * The company intends to file an appeal against the order with the Appellate Authorities. * The authority disallowed input tax credit on purchases pertaining to the period from F.Y. 2018-19 to 2020-21. * The company believes there is no material impact on financial, operations, or other activities.
What to do with a filing like this
Cords Cable Industries Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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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.