Travel Food Services receives tax demand order of ₹13.4 Crore, penalty ₹26.8 Crore
Travel Food Services Limited received a tax demand of ₹13.4 Crore and a penalty of ₹26.8 Crore from CGST and Central Excise. The company believes the order has no material impact and plans to file an appeal. Allegations relate to ITC mismatches.
While the company claims no material impact, the substantial tax and penalty demand, along with the potential for legal proceedings, warrants a medium impact assessment. The outcome of the appeal could affect financials if the company's assessment proves incorrect.
The company has received a significant tax demand and penalty, which is negative. However, the company believes it has a strong case, the demand has no material impact on its financials, and it plans to appeal, which mitigates the negative sentiment.
Travel Food Services Limited has received an order dated December 19, 2025, from the Office of the Commissioner of CGST and Central Excise, Mumbai Central, Mumbai. The order demands a tax of ₹13,40,11,605 (approximately 13.4 crore) and a penalty of ₹26,80,23,210 (approximately 26.8 crore). Interest is also applicable but not quantified in the order.
The alleged violations pertain to variances in tax liability due to mismatched Input Tax Credit (ITC) between returns and the GST portal, and excess ITC availment. The company received the order on December 19, 2025, which was passed on December 15, 2025.
Travel Food Services Limited is currently evaluating the order and believes it has a strong case on its merits. The company states that the demand has no material impact on its financials or operational activities. Appropriate action will be taken in due course, including filing an appeal against the order with the relevant authorities. The information is also being uploaded on the company's website.
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Travel Food Services Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. 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 Travel Food Services Limited. Read the original for the full detail.