Cords Cable receives GST demand of Rs 35.6 lakh plus penalty
CORDSCABLE · price
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Cords Cable Industries received an Order in Original from the Assistant Commissioner, CGST Division Tijara in Rajasthan, dated December 15, 2025. The order raises a demand of Rs 35.59 lakh for incorrect availment of input tax credit during financial years 2018-19 to 2022-23, along with an equivalent penalty under Section 122(2)(b) of the CGST Act. The company intends to file a rectification application and has stated there is no material impact on its financial or operational activities.
Total tax demand around Rs 71 lakh including penalty. Company plans to contest. Management says no material financial impact.