Cords Cable Industries Limited has informed the Exchange the Company has received an Order in Original No. SUP/R-XVI/BHD/GST/74/2025-26 dated March 11, 2026 from the Office of the Superintendent, CGST Range-XVI, Alwar Bypass Road, Bhiwadi, Rajasthan received on March 12, 2026.
CORDSCABLE · price
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Cords Cable Industries has received an Order in Original from the Superintendent, CGST Range-XVI, Bhiwadi, Rajasthan, dated March 11, 2026, demanding GST of Rs. 14,03,919 for FY 2019-20. The demand breaks down into IGST of Rs. 8,86,405, CGST of Rs. 2,58,757, and SGST of Rs. 2,58,757, raised under Section 74 of the CGST Act, 2017. The order also includes a penalty of an equivalent amount under Section 74 and 122(2)(b) of the CGST Act, along with applicable interest on the short-paid tax. The company has stated it intends to file an appeal against the order before the Appellate Authorities. The company has clarified that there is no material impact on its financial, operational, or other activities.
The demand amount of about Rs. 14 lakh is small relative to typical operations, and the company plans to contest it via appeal, so the near-term financial hit is limited. Investors should track the appeal outcome, as an adverse ruling could result in additional tax, penalty, and interest outflow.