Coromandel International Faces GST Demand and Penalty Following Appeal Order from Jammu Authority

Coromandel International Faces GST Demand and Penalty Following Appeal Order from Jammu Authority​

Coromandel International Limited has received an order from the Joint Commissioner(Appeals), CGST Appeal Commissionerate, Jammu, concerning a tax demand related to Financial Year 2018-19. The order was received by the company on August 20, 2026.

The appeal concerns Section 73 of the CGST / JKGST Act, 2017 read with corresponding provisions of the IGST Act, 2017. The authority issued an Order-in-Appeal involving a tax amount amounting to Rs. 1,23,51,441/- along with a penalty of Rs.12,35,144/- and applicable interest.

The demand was based on the alleged excess availment of Input Tax Credit (ITC). The specific violation centers on a mismatch between the ITC availed in GSTR-3B and the ITC auto-populated in GSTR-2A for FY 2018-19.

Regarding the impact of this order, Coromandel International stated that it believes it has a strong case to defend and intends to appeal the matter before the GST Appellate Tribunal, Jammu. The company noted that the adverse action does not have any significant impact on its financial status, operations, or other activities.

COROMANDEL Stock Price Movement​

Shares of Coromandel International Limited on Friday slipped by 0.49% to settle at ₹1,996.10. The stock saw a total traded volume of 35,363 shares during the session.