Thomas Cook Receives Tax Order from Chennai Authority; Company Plans Appeal
Thomas Cook (India) Limited confirmed receiving an order from the Commercial tax Officer, Group-IX, Intelligence-I, Chennai, Tamil Nadu. The order, received on May 25, 2026, concerns a demand related to "ITC wrongly adjusted against the tax liability for the 5% Turnover" tax.The tax authority has issued a demand on the company for tax amounting to INR 33,30,988/-. The order also levies interest of INR 18,57,870/- and a penalty of INR 3,33,098/-. The penalty was imposed under Section 73 of the CGST Act 2017, while the interest was levied under Section 50 of the CGST Act 2017.
The tax authority’s action stems from the allegation that the company wrongly adjusted Input Tax Credit (ITC) against the tax liability for the 5% Turnover.
The company stated that it is taking necessary steps to appeal the order before the appropriate Authority and affirmed that the matter has a good case on merits. Regarding the impact of the order, Thomas Cook (India) Limited reported that there is no material financial or operational impact on the entity.
The details of the order received from the regulatory body are summarized below:
| Detail | Description |
|---|---|
| Authority | Commercial tax Officer, Group-IX, Intelligence-I, Chennai, Tamil Nadu - 600006 |
| Date of Order | May 25, 2026 |
| Original Demand | INR 33,30,988/- |
| Interest Levied | INR 18,57,870/- (under Section 50 of CGST Act 2017) |
| Penalty Imposed | INR 3,33,098/- (under Section 73 of CGST Act 2017) |
| Alleged Violation | Wrong adjustment of ITC against the 5% Turnover tax liability |
| Company Status | Appeals are being filed; no material financial or operational impact. |
THOMASCOOK Stock Price Movement
Today, Thomas Cook (India) Limited shares edged higher, closing at ₹93.17, marking a gain of 1.47% for the session. The stock achieved this increase on robust trading volume of 1.19 million shares.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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