Coromandel International Faces Rs 2.50 Crore GST Demand Over Alleged Wrongful ITC Claims, Plans to Appeal:

Coromandel International Limited has received a GST order demanding Rs 2.50 crore in taxes over alleged wrongful claims and use of input tax credit (ITC) for the financial years 2021-22 to 2024-25.

The order was issued by the Additional Commissioner of Central GST, Vadodara-II, under the Central GST and Gujarat GST laws. Along with the tax demand of Rs. 2,50,82,496, the company is also liable to pay an equivalent penalty and applicable interest, as stated in the order.

The company received the order on October 23, 2026, and disclosed the development to the stock exchanges on October 24 under SEBI’s listing regulations.

Coromandel International said it believes it has a strong case to defend itself on merit and plans to file an appeal before the Commissioner of Appeals. The company also stated that the order is not expected to have any significant impact on its financials, operations or other business activities.