Thomas Cook Receives Tax Order Confirming GST Demand and Penalty
Thomas Cook (India) Limited has received an order from the Senior Joint Commissioner, Behala, West Bengal, concerning a demand for Goods and Services Tax (GST) short payment. The adverse ruling confirmed a total demand amount that includes tax liability, interest, and penalties.The company stated that the order, dated December 8, 2025, confirmed a GST demand amounting to INR 10,56,896. This primary demand was accompanied by associated financial obligations.
Financial components of the ruling include:
- GST Demand: INR 10,56,896
- Interest: INR 7,79,120
- Penalty: INR 1,00,000
The penalty was levied under Section 73(9) of the CGST/WBGST Act 2017. This ruling followed the company's appeal to the First Appellate Authority on March 6, 2026, which resulted in the dismissal of the appeal and upheld the original order.
The financial impact assessment provided by the company noted that there is no material financial or operational impact on the entity from these developments. Thomas Cook (India) Limited indicated it is taking necessary steps to appeal the Order before the GST Appellate Tribunal, maintaining a good case on merits.
THOMASCOOK Stock Price Movement
Thomas Cook (India) Limited shares edged higher on Monday, managing to close at ₹98.45 after the stock gained 1.79%.The company saw robust trading activity, with a total volume of 705,450 shares recorded during the session.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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