Thomas Cook (India) Limited Confirms GST Demand Following Appellate Rejection Order
Thomas Cook (India) Limited announced that an appeal application, filed before an Appellate Authority on July 2, 2025, has been rejected. The rejection came via an order dated April 17, 2026, received from the Joint Commissioner of State Tax, Behala, West Bengal.The order confirms a demand related to non-payment of Goods and Services Tax (GST) on inward supplies liable to reverse charge.
According to the details received, the confirmed demand carries specific financial components:
| Component | Amount (INR) | Basis |
|---|---|---|
| Confirmed Demand | 1,99,322 | Non-payment of GST on inward supplies liable to reverse charge |
| Interest | 1,35,660 | Under Section 50 of the CGST Act, 2017 |
| Penalty | 20,000 | Under Section 73 of the CGST Act, 2017 |
The Appellate Authority’s rejection of the appeal application confirms the demand arising from the non-payment of GST on inward supplies liable to reverse charge.
Regarding the impact, the company stated that it is taking necessary steps to appeal against the Order before the Appellate Tribunal and has what it described as a good case on merits. Thomas Cook (India) Limited added that there is no material financial or operational impact on the entity.
THOMASCOOK Stock Price Movement
Today, shares of Thomas Cook (India) Limited edged higher, closing at ₹110.91 after gaining 1.78% for the session. The equity settled today on a solid trading volume of 1.08 million shares.Source:
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