Thomas Cook Receives Tax Order Regarding ITC Adjustment Demand
Thomas Cook (India) Limited received an order from a Commercial tax Officer in Chennai regarding the improper adjustment of Input Tax Credit (ITC) against tax liability for the 5% Turnover.The company received the order on June 15, 2026, from the Commercial tax Officer, Group-IX, Intelligence-I, Tamil Nadu. The authority’s action confirmed a demand stemming from the wrongful adjustment of ITC against the specified tax liability.
The order details the financial implications arising from the compliance review under CGST/TGST Act 2017.
Key figures detailed in the order are as follows:
| Component | Amount (INR) |
|---|---|
| Tax Liability Demand | 13,94,644/- |
| Interest Levied | 5,37,835/- |
| Penalty Levied | 1,39,464/- |
The order reflects penalties levied under Section 73 of the CGST/TGST Act 2017.
Regarding the impact on the company's operations and finances, Thomas Cook (India) Limited stated that it is taking necessary steps to appeal the Order before the appropriate Authority, noting that it has a good case on merits. The company also confirmed that there is no material financial or operational impact from this order.
THOMASCOOK Stock Price Movement
On Monday, Thomas Cook (India) Limited slipped by 1.12% to settle at ₹108.55. The stock traded on a volume of 2.37 million shares 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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