Announced Mon, 15 Jun · 17:46 IST
Tax order from Chennai authority; company to appeal
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THOMASCOOK · price
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Price reaction · full curve 14 horizons · vs prior close
+2.9%1-day move
₹108.38
prior close
₹108.55
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+1.2+0.2-1.1+2.9+7.8+4.2+6.0+3.2+2.4-5.9-4.0——
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AI summary
Thomas Cook India received an order from the Commercial Tax Officer, Chennai, demanding ₹13.94 lakh in tax on wrongly adjusted Input Tax Credit against 5% turnover, plus interest of ₹5.38 lakh and penalty of ₹1.39 lakh under the CGST Act 2017. Total exposure is ~₹30.7 lakh. The company plans to appeal before the appropriate authority and states there is no material financial or operational impact.
Likely market impact
Minor GST order (~₹30.7 lakh total). Company plans to appeal; says no material impact on financials or operations.