Finolex Cables has received an order from the CGST Ahmedabad concerning alleged GST credit discrepancies. The order, received on December 30, 2025, relates to ITC availed during fiscal years 2018-19, 2019-20, and 2022-23. The company has the option to appeal the order. The tax demand is Rs. 15,19,638/-.
Order Details from CGST Ahmedabad
Finolex Cables has received an order from the Superintendent, CGST Ahmedabad, Division – VII. The order, which was received on December 30, 2025, relates to a confirmed demand under a Show Cause Notice.
Issue Summary
The issue pertains to allegations that GST credit claimed by Finolex Cables is not available as per GSTR-2A records. The original Show Cause Notice was issued regarding ITC (Input Tax Credit) claimed during financial years 2018-19, 2019-20, and 2022-23.
Financial Impact
The total tax demand amounts to Rs. 15,19,638/-, comprising Rs. 13,94,470/- in tax and Rs. 1,25,168/- in interest. Finolex Cables assesses that this will not have a major impact on its operations.
Appeal Option
Finolex Cables has the option to file an appeal against this order with the Appellate Authority. The company is evaluating its options.
Source: BSE
