Coromandel International has received an Order-in-Original from the Additional Commissioner, Central GST, confirming a tax demand of ₹2,50,82,496/- for FY 2021-22 to FY 2024-25. This demand is related to the alleged wrongful availment and utilization of Input Tax Credit (ITC). The company stated that it has a strong case to defend the merits and intends to file an appeal before the Commissioner (Appeals). No significant impact on financials or operations is anticipated.
GST Order Issued
Coromandel International Limited has been issued an Order-in-Original by the Additional Commissioner, Office Of The Commissioner, Vadodara-II, Central GST. The order pertains to the financial years FY 2021-22 to FY 2024-25. This assessment has resulted in a confirmed tax demand amounting to ₹2,50,82,496/-.
Alleged ITC Misuse
The tax demand stems from allegations of wrongful availment and utilization of Input Tax Credit (ITC). This assessment was made under Section 74 of the Central GST / Gujarat GST Act, 2017, along with corresponding provisions of the IGST Act, 2017. The company received communication regarding this order on October 23, 2026.
Company’s Stance and Appeal Plans
Coromandel International believes it possesses a strong defense on the merits of the case. Consequently, the company plans to file an appeal before the Commissioner (Appeals). Despite the confirmed demand, the company anticipates no significant impact on its financial position, operations, or other business activities.
Source: BSE
