Coromandel International Limited has received an order for a tax demand amounting to ₹1,23,51,441, plus a penalty of ₹12,35,144 and applicable interest. This pertains to alleged excess availment of Input Tax Credit (ITC) for the fiscal year 2018-19. The company disputes the findings and has filed an appeal with the GST Appellate Tribunal, stating that it believes it has a strong case and expects no significant impact on its financials or operations.
Tax Order Issued for FY 2018-19
Coromandel International Limited announced on August 21, 2026, that it has received an order from the Joint Commissioner (Appeals), CGST, Jammu. The order pertains to the fiscal year 2018-19 and levies a tax demand of ₹1,23,51,441, along with a penalty of ₹12,35,144 and applicable interest.
Details of Alleged Violation
The order confirms a demand primarily due to alleged excess availment of Input Tax Credit (ITC). This discrepancy arose from a mismatch between the ITC claimed in GSTR-3B filings and the ITC auto-populated in GSTR-2A for the financial year 2018-19.
Company’s Stance and Appeal
Coromandel International Limited believes it has a strong basis to contest the order on its merits. Consequently, the company has preferred an appeal against this order before the GST Appellate Tribunal, Jammu. Management anticipates no significant impact on the company’s financials, operations, or other business activities as a result of this order, pending the outcome of the appeal.
Source: BSE
