Thomas Cook India faces tax demand of ₹3.55 Lakhs post appeal rejection
Thomas Cook India's appeal against a GST demand has been rejected by the Appellate Authority. The confirmed demand is ₹1,99,322, with ₹1,35,660 interest and a ₹20,000 penalty. The company plans to appeal further, stating no material financial impact.
The company has stated that there is no material financial or operational impact and plans to appeal the order.
The company received an order rejecting its appeal application, confirming a tax demand, interest, and penalty.
Thomas Cook (India) Limited has received an order dated April 17, 2026, from the Joint Commissioner of State Tax, Behala, West Bengal. The Appellate Authority has rejected the appeal application filed on July 2, 2025. This rejection confirms a demand arising from the non-payment of GST on inward supplies liable to reverse charge.
The confirmed demand amounts to ₹1,99,322, along with interest of ₹1,35,660 under Section 50 of the CGST Act, 2017. Additionally, a penalty of ₹20,000 under Section 73 of the CGST Act, 2017, has been imposed.
The company stated that it is taking necessary steps to appeal this order before the Appellate Tribunal and believes it has a strong case on merits. Thomas Cook (India) Limited indicated that there is no material financial or operational impact on the entity due to this order.
What to do with a filing like this
Thomas Cook (India) 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 Thomas Cook (India) Limited. Read the original for the full detail.