Cords Cable receives GST order; plans appeal against demand and penalty
Cords Cable Industries Limited has received a GST order dated December 31, 2025, from the Office of the Joint Commissioner State Tax, Circle-A, Bhiwadi, Rajasthan. The order includes a demand of ₹12,4...
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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 has received a demand order and penalty from gst authorities, which is a negative development. however, the company intends to appeal the order and has stated that there is no material impact on its financials or operations, balancing the overall sentiment to neutral.
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Cords Cable receives GST order; plans appeal against demand and penalty
January 2, 2026, 10:18 AM
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Cords Cable Industries Limited has received a GST order dated December 31, 2025, from the Office of the Joint Commissioner State Tax, Circle-A, Bhiwadi, Rajasthan. The order includes a demand of ₹12,46,412 for IGST, an equivalent penalty under Section 74 read with Section 122 of the RGST/CGST Act, 2017, and interest of ₹16,82,656 under Section 50(3) of the GST Act, 2017. These charges are related to the incorrect availment of input tax credit by the company for the financial year 2018-19.
The company has stated that it intends to file an appeal against this order with the Appellate Authorities. Cords Cable Industries Limited has also clarified that there is no material impact on the company's financial, operational, or other activities as a result of this order.
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