Finolex Cables Receives GST Demand Order of ₹12.21 Lakhs
Finolex Cables Limited has received an Order-in-Original from the Superintendent of CGST, Range-IV, Division-IV, CGST Goa, dated December 18, 2025. The order confirms a demand under a Show Cause Notic...
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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 gst demand order. while it's a negative development, the amount is relatively small and the company has the option to appeal, mitigating the immediate negative impact.
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Finolex Cables Receives GST Demand Order of ₹12.21 Lakhs
December 19, 2025, 11:24 AM
Finolex Cables Limited has received an Order-in-Original from the Superintendent of CGST, Range-IV, Division-IV, CGST Goa, dated December 18, 2025. The order confirms a demand under a Show Cause Notice related to GST on the supply of returnable packing material to another unit of the company.
It is alleged that Finolex Cables did not charge GST on the return of this packing material to its other unit. The company has been issued a tax demand of ₹12,21,264, which includes ₹6,10,632 as tax and ₹6,10,632 as penalty.
Finolex Cables Limited has the option to file an appeal before the Appellate Authority. The company has stated that this demand is not expected to have a major impact on its operations.
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