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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Comfort Commotrade Ltd has received a recovery order from the Assistant Commissioner of State Tax (Mazgaon, Mumbai) under Section 79(1)(c)(i) of the SGST Act, 2017, demanding a total of Rs. 2.25 crore (Tax: Rs. 78.92 lakh + Interest: Rs. 67.33 lakh + Penalty: Rs. 78.92 lakh) related to FY 2020-21. The company has stated that it disagrees with the order and is in the process of filing an appeal. Based on its preliminary assessment, the company does not expect any material financial impact from the demand. This is an update to an earlier disclosure made in February 2025 regarding the same matter.
The Rs. 2.25 crore tax demand is significant but the company believes it is not material financially and is contesting it. The outcome of the appeal will determine actual impact, but the disclosure itself is unlikely to cause major share price movement given the company's stated position.