Receipt of Order from CGST Division - Tijara
Cords Cable received an order from CGST Division - Tijara for IGST demand of ₹38.26 lakh with equivalent penalty due to incorrect input tax credit availment. The company intends to appeal.
The company has stated that there is no material impact on the financials, operations, or other activities of the company.
The announcement indicates a demand order and penalty, which reflects negatively on the company's financial and compliance status.
* Cords Cable Industries Limited received an Order in Original No. 36/GST/BHD-TIJARA/25-26 dated November 27, 2025, from the Office of the Assistant Commissioner, CGST Division - Tijara, Alwar. * The order pertains to a demand for ₹38,26,180 related to IGST under Section 74 of the CGST Act, 2017, along with a penalty of an equivalent amount. * The demand is related to the incorrect availment of input tax credit by the Company for the financial years 2018-19 to 2019-20. * The company intends to file an appeal against the order with the Appellate Authorities. * The company stated that there is no material impact on financial, operations or other activities of the company.
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 low impact, the band that almost never moves a portfolio on its own.
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