Cords Cable Industries receives GST demand order of ₹35.59 Lakhs
Cords Cable Industries Limited has received an Order in Original No. 48/GST/BHD-TIJARA/25-26 dated December 15, 2025, from the Assistant Commissioner, CGST Division - Tijara, Alwar, Rajasthan. The or...
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Why is Cords Cable Industries Limited in the news today?
Cords Cable Industries Limited (CORDSCABLE) is in the news due to the company received a demand order and penalty, which is negative. however, the company intends to file a rectification and states no material impact, which mitigates the negative sentiment.
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Cords Cable Industries receives GST demand order of ₹35.59 Lakhs
December 17, 2025, 11:57 AM
Cords Cable Industries Limited has received an Order in Original No. 48/GST/BHD-TIJARA/25-26 dated December 15, 2025, from the Assistant Commissioner, CGST Division - Tijara, Alwar, Rajasthan.
The order pertains to a demand for Input Tax Credit (ITC) amounting to ₹35,59,462/- under Section 74 of the CGST Act, 2017, along with a penalty of an equivalent amount under Section 122(2)(b). This action is due to the incorrect availment of input tax credit by the company, concerning purchases from the Financial Years 2018-19 to 2022-23.
The company received this order on December 16, 2025, and intends to file a rectification application against it. Cords Cable Industries Limited has stated that there is no material impact on its financial, operational, or other activities.
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