Container Corporation of India Limited (CONCOR) has been served a demand order for GST amounting to ₹2,57,75,816, along with a penalty of ₹27,63,866 and interest of ₹2,96,43,474. The demand was raised by the Joint Commissioner of State Tax, Appeals IV, Bandra, Mumbai, for the financial year 2018-19. CONCOR disputes the allegations of excess ITC availment and short payment of tax, asserting no non-compliance and no material financial impact.
Tax Demand Issued to CONCOR
Container Corporation of India Limited (CONCOR) announced that the Joint Commissioner of State Tax, Appeals IV, Bandra, Mumbai, has issued an appeal order concerning the financial year 2018-19. This order follows a DRC-07 issued by the department under Section 73 of the CGST Act.
Details of the Demand
The authority has raised a demand for Goods and Services Tax (GST) totaling ₹2,57,75,816. In addition, a penalty of ₹27,63,866 and interest of ₹2,96,43,474 have also been levied. The alleged violations include excess availment of Input Tax Credit (ITC), short payment of tax, inadmissible ITC, and short reversal of ITC.
Company’s Stance and Impact Assessment
CONCOR stated that the order was received on October 19, 2026. The company, however, asserts that based on its internal assessment, there has been no non-compliance on its part. Therefore, CONCOR believes that this demand will not have any material impact on its financial, operational, or other activities. The company is taking appropriate action, including filing an appeal, to address this matter.
Source: BSE
