Cords Cable Industries Secures Reduction in GST Demand Following Rectification Order
Cords Cable Industries Ltd has received a crucial Rectification Order from the Office of the Assistant Commissioner, CGST, Division Tijara, which significantly reduced its GST demand related to past purchases. The order was received by the company on June 15, 2026.The Rectification Order No. 05/AC/GST/BHDTIJARA/2026-27, pertaining to an original OIO dated December 16, 2025, confirmed a reduction in the GST demand previously raised against the company. The initial demand of ₹35,59,462 was reduced down to ₹18,31,384.46.
The order also confirmed a penalty equivalent to the revised tax demand under Section 74 and Section 122(2)(b) of the CGST Act, 2017, as well as applicable interest on the short-paid tax. The original assessment had disallowed input tax credit on purchases made during the financial years spanning from 2018-19 to 2022-23.
Cords Cable Industries stated that there is no material impact resulting from this matter on the company's finances, operations, or other activities. Although the company intends to file an appeal against the said Order, the outcome of the rectification provides a considerable reduction in the tax liability.
CORDSCABLE Stock Price Movement
As of 10:35 AM, shares of Cords Cable Industries Limited shed 0.91% in live trading, with the stock currently priced at ₹219.9. The equity has seen a total volume of 10,132 shares traded so far today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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