Thomas Cook India receives order for ₹20.72 Lakhs from Commercial Tax Officer
Thomas Cook India received an order from the Commercial Tax Officer, Chennai, confirming a demand of ₹13,94,644 for wrongly adjusted ITC. Interest of ₹5,37,835 and a penalty of ₹1,39,464 were also levied. The total amount including penalty and interest is ₹20,72,479. The company plans to appeal the order, stating no material financial or operational impact.
Despite the order, the company believes there is no material financial or operational impact and plans to appeal, indicating the financial implications are likely manageable.
The company has received a tax demand, interest, and penalty order, which is a negative development.
Thomas Cook (India) Limited has received an order dated June 11, 2026, from the Commercial Tax Officer, Group -IX, Intelligence- I, Chennai. The order confirms a demand on "ITC wrongly adjusted against the tax liability for the 5% Turnover" tax amounting to ₹13,94,644. Additionally, interest of ₹5,37,835 and a penalty of ₹1,39,464 have been levied under Section 50 and Section 73 of the CGST Act 2017, respectively.
The company received this order on June 15, 2026. The violation alleged is the contravention of the CGST/TGST Act 2017, leading to the penalty. Thomas Cook (India) Limited stated that they are taking necessary steps to appeal the order before the appropriate authority and believe they have a strong case on merits. The company has indicated that there is no material financial or operational impact on the entity.
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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.