GST appellate authority allows company's appeal, sets aside tax demands and penalties
GST appellate authority allowed Cords Cable's appeal, setting aside to the extent challenged the order confirming demands of ₹45,91,987 and ₹4,823 and penalties of ₹4,59,198, ₹5,33,822 and ₹10,000 on ITC for FY 2020-21.
By ScoutQuest · · 1 min read
- GST demands set aside
- ₹45,91,987 and ₹4,823
- Penalties set aside
- ₹4,59,198, ₹5,33,822 and ₹10,000
- Period of dispute
- input tax credit (ITC) for FY 2020-21
The company has informed the exchanges about a GST appellate order that has gone in its favour.
What the order says
- The Commissioner (Appeals), Central Goods and Services Tax, Jaipur, passed Order-in-Appeal No. 1051(DAK)CGST/JPR/2026 dated October 16, 2026, under Section 107 of the Central Goods and Services Tax Act, 2017.
- The appeal was allowed and the earlier Order-in-Original No. 69/GST/BHD-TIJARA/24-25 dated 28 February 2025 was set aside, to the extent challenged in the appeal.
- The matter related to input tax credit (ITC) for the financial year 2020-21.
The amounts involved
- The Assistant Commissioner had confirmed demands of ₹45,91,987 and ₹4,823.
- Penalties of ₹4,59,198, ₹5,33,822 and ₹10,000 had also been imposed, along with applicable interest.
- With the appeal allowed, that order stands set aside to the extent it was challenged.
Refund of pre-deposit
- The company has said it will file an application with the concerned department for a refund of the pre-deposit amount.
Impact stated by the company
- There is no material impact on the financial, operational or other activities of the company, as per the disclosure.
- Against the column on violations or contraventions alleged, the company has marked NA.
How to read this for a retail investor
- This is an update on a tax dispute outcome rather than on the company's business operations. A confirmed tax demand and penalties that had been imposed earlier have been set aside by the appellate authority, to the extent challenged in the appeal.
- The company's own stated position is that the financial impact is not material. The refund of the pre-deposit is something the company intends to apply for.
Also from Cords Cable Industries
Board meeting on 06 November 2026 to consider Q2 and half-year results
22 Oct 2026
CARE BBB+/Stable upgraded from CARE BBB; Stable and CARE A3+ upgraded from CARE A3 on Cords Cable bank facilities
9 Oct 2026
More numbers
- GST demand confirmed earlier, now set aside₹45,91,987
- Second demand amount confirmed earlier, now set aside₹4,823
- Penalty imposed earlier, now set aside₹4,59,198
- Penalty imposed earlier, now set aside₹5,33,822
- Penalty imposed earlier, now set aside₹10,000
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