Finolex Cables receives GST order of ₹22.58 Lakhs, plans appeal
Finolex Cables received a GST order confirming a demand of ₹22.58 Lakhs due to ITC mismatch for FY21-22. The company plans to appeal the order, which is not expected to significantly impact operations.
The total demand of ₹22.58 Lakhs is a relatively small amount for Finolex Cables Limited and is not expected to have a significant impact on the company's operations.
The company has received an order from GST authorities, which is a negative development. However, the company has stated that the impact is not major and it plans to appeal, suggesting a neutral stance as the final outcome is uncertain.
Finolex Cables Limited (FCL) has received an order dated 22.12.2025 from the Dy. Commissioner - GST, Lucknow, Uttar Pradesh. The order confirms a demand under a Show Cause Notice related to a mismatch in Input Tax Credit (ITC) during the Financial Year 2021-22.
The alleged contravention is that the company has taken excess credit due to a mismatch of ITC with the GST Portal. The total demand amounts to ₹22,57,609, comprising ₹12,55,793 in tax, ₹8,56,450 in interest, and ₹1,45,366 in penalty.
The company has stated that this demand is not expected to have a major impact on its operations. Finolex Cables Limited has the option to file an appeal before the Appellate Authority.
What to do with a filing like this
Finolex Cables Limited filed this with the NSE as a statutory disclosure, categorised under regulatory impact. 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 Finolex Cables Limited. Read the original for the full detail.