Finolex Cables receives GST demand order of ₹1.1 Lakhs
Finolex Cables Limited has received an order dated January 2, 2026, from the Superintendent (Vertical-3), CGST and Central Excise, Division-III, Indore, Madhya Pradesh. The order confirms a demand und...
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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 received a tax demand order, which is a routine regulatory matter. while it involves a penalty, the amount is small and not expected to have a significant impact on the company's operations, hence the neutral sentiment.
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Finolex Cables receives GST demand order of ₹1.1 Lakhs
January 3, 2026, 06:40 AM
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More Details on This News
Finolex Cables Limited has received an order dated January 2, 2026, from the Superintendent (Vertical-3), CGST and Central Excise, Division-III, Indore, Madhya Pradesh. The order confirms a demand under a Show Cause Notice, which was issued due to a mismatch between E-way bills and GST Returns for the Financial Year 2018-19.
The alleged contravention pertains to the company not paying GST on outward supply as mentioned in these E-way Bills.
The total tax demand is ₹1,10,720/-, comprising ₹55,360/- as tax and ₹55,360/- as penalty. The company has stated that this demand is not expected to have a major impact on its operations.
Finolex Cables Limited has the option to file an appeal before the Appellate Authority against this order.
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