Coromandel International506395Tax or GST

GST order confirms ~Rs. 2.51 crore demand on alleged wrongful ITC availment

GST Order-in-Original from the Additional Commissioner, Vadodara-II, confirms a demand of ~Rs.

By ScoutQuest · Sat 24 Oct 2026, 10:14 PM IST · 1 min read

GST Demand Amount: ~Rs. 2.51 crore
Penalty and Interest: equivalent penalty and applicable interest
Period Covered: FY 2021-22 to FY 2024-25

What the company disclosed

Coromandel International informed the exchanges about an order passed by the Additional Commissioner, Office of the Commissioner, Vadodara-II, Central GST.
The order is an Order-in-Original covering FY 2021-22 to FY 2024-25, passed under Section 74 of the Central GST / Gujarat GST Act, 2017 read with corresponding provisions of the IGST Act, 2017.
The company received the communication from the authority on 23rd October 2026.

The amounts involved

Tax amount in the order: ~Rs. 2.51 crore.
The order also provides for an equivalent penalty and applicable interest, over and above the tax amount.
The demand has been confirmed on account of alleged wrongful availment and utilisation of input tax credit (ITC).

What the company says

Coromandel states it believes it has a strong case to defend on the merits.
An appeal is being preferred to be shared before the Commissioner (Appeals).
The company states there is no significant impact on its financials, operations or other activities.

How to read this

An Order-in-Original is the first formal demand raised by the tax authority at its own level. The company's plan to appeal means the matter moves to the appellate stage, where the demand can be tested on merits.

The company's own stated position is that the impact is not significant, and the disclosure quantifies the tax demand at ~Rs. 2.51 crore with an equivalent penalty and applicable interest. The progress and outcome of the appeal are the points to track.