Finolex Cables receives CGST Ahmedabad order, potential tax demand of ₹15.2 Lakhs
Finolex Cables Limited has received an order dated December 24, 2025, from the Superintendent, AR – IV, Division – VII, CGST Ahmedabad, Gujarat. The order, which was received by the company on Decembe...
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Why is Finolex Cables Limited in the news today?
Finolex Cables Limited (FINCABLES) is in the news due to the company has received a tax demand order, which is a negative development. however, the company has the option to appeal and states that the impact is not major, balancing the overall sentiment to neutral.
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Finolex Cables receives CGST Ahmedabad order, potential tax demand of ₹15.2 Lakhs
December 31, 2025, 10:23 AM
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More Details on This News
Finolex Cables Limited has received an order dated December 24, 2025, from the Superintendent, AR – IV, Division – VII, CGST Ahmedabad, Gujarat. The order, which was received by the company on December 30, 2025, pertains to a demand under a Show Cause Notice for Input Tax Credit (ITC) availed during FY 2018-19, 2019-20, and FY 2022-23.
The company has been informed that the GST credit taken by the company is alleged to be not available in GSTR-2A. The total tax demand amounts to ₹15,19,638, comprising ₹13,94,470 in tax and ₹1,25,168 in interest.
Finolex Cables Limited has the option to file an appeal before the Appellate Authority against this order. The company states that the demand is not expected to have a major impact on its operations.
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