GST appeal won; challenged order set aside
CORDSCABLE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The GST Commissioner (Appeals), Jaipur, allowed Cords Cable's appeal against a February 28, 2025 order on tax credit for 2020-21 and set it aside to the extent challenged. The October 16, 2026 order covers demands of Rs 45,91,987 and Rs 4,823, penalties of Rs 4,59,198, Rs 5,33,822 and Rs 10,000, and interest. The company will seek a refund of amounts already deposited and reports no material impact.
Positive for shareholders: the challenged GST order is set aside, with a possible refund. No material financial impact is reported.