Cords Cable Industries Limited has informed the Exchange about GST demand order received from Additional Commissioner, CGST Alwar, Commissionerate.
CORDSCABLE · price
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Awaiting price reaction for this filing.
Cords Cable Industries Limited has informed the stock exchange that it has received a GST demand order from the Additional Commissioner, CGST Alwar Commissionerate. No specific demand amount or tax period has been mentioned in the filing headline. The company may have the option to appeal or contest the order before the appropriate GST appellate authority. Further details on the quantum of demand and the company's response are awaited.
The financial impact depends on the demand amount, which has not been disclosed in this filing. If the order is upheld, it could result in a cash outflow and affect short-term profitability; the stock may see mild negative sentiment pending further clarity.