Finolex Cables has received an order related to Goods and Services Tax (GST) from the Superintendent of CGST, Range-IV, Division-IV CGST Goa. The order pertains to a demand related to GST on returnable packing material. The tax demand is Rs. 12,21,264 which includes both tax and penalty. Finolex Cables has the option to appeal the order.
Details of the Order
Finolex Cables has received an order from the Superintendent of CGST, Range-IV, Division-IV CGST Goa, concerning a demand under a Show Cause Notice related to GST. The notice was originally issued regarding the supply of returnable packing material to another unit of the company.
Financial Impact
The total tax demand arising from this order amounts to Rs. 12,21,264. This comprises a tax component of Rs. 6,10,632 and a penalty of Rs. 6,10,632. The company has stated that this order is not expected to have a major impact on its operations.
Next Steps
Finolex Cables retains the option to file an appeal against this order with the appropriate appellate authority. The order was received via email on December 18, 2025.
Source: BSE
