Cords Cable Industries Wins GST Appeal as Commissioner (Appeals) Sets Aside FY21 Tax Demand and Penalties:

Cords Cable Industries Limited has received a favourable order from the Office of the Commissioner (Appeals), Central Goods and Services Tax (CGST), Jaipur, setting aside the GST demand challenged by the company for the financial year 2020-21. The order, dated October 16, 2026, was received by the company on October 24, 2026.

The appeal was filed against an earlier order dated February 28, 2025, issued by the Assistant Commissioner, CGST Division, Tijara, Bhiwadi, Rajasthan, relating to input tax credit (ITC). The earlier order had confirmed tax demands of Rs 45,91,987 and Rs 4,823, along with penalties of Rs 4,59,198, Rs 5,33,822 and Rs 10,000, plus applicable interest.

After reviewing the company’s submissions and supporting documents, the Commissioner (Appeals) ruled in favour of Cords Cable Industries and set aside the earlier order to the extent challenged in the appeal. The company also plans to apply for a refund of the pre-deposit amount paid during the appeal process.

The company stated that the order is not expected to have any material impact on its financial position, operations or other business activities. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.