Thomas Cook (India) Limited has formally disclosed receipt of two separate orders from tax authorities on March 18, 2026. The first, from Mumbai Central, concerned the dropping of a penalty of INR 2,80,175/- previously imposed under the CGST Act 2017. The second, from Chennai Central, confirmed a demand totaling INR 16,13,449/- for short GST payment, plus interest and penalty. The company is currently evaluating necessary steps regarding the Chennai order.
Disclosure of Regulatory Actions on March 18, 2026
Thomas Cook (India) Limited issued an official intimation regarding two separate communications received from state tax authorities on March 18, 2026, as required under disclosure regulations. These communications pertain to past assessments under the Central Goods and Services Tax (CGST) Act, 2017.
Order Dropping Penalty (Mumbai Central)
The first update involves an order received from the Deputy Commissioner, DIVISION III, Mumbai Central, Maharashtra. This order serves as a Rectification Order, officially dropping a penalty of INR 2,80,175/- that had previously been imposed under Section 74 of the CGST Act 2017. For this item, the company confirms that No further steps required, indicating no material financial or operational impact.
Order Confirming Demand (Chennai Central)
The second communication originates from the Commercial Tax Officer, Chennai Central, Tamil Nadu. This order confirms a demand structured as follows:
- Short payment of GST amounting to INR 16,13,449/-.
- Applicable interest of INR 17,17,063/- (under Section 50 of CGST Act 2017).
- A penalty of INR 16,13,449/- (under Section 74 of CGST Act 2017).
Financial and Operational Impact Assessment
Regarding the Chennai order, the company is currently evaluating necessary steps ahead with regard to the amount upheld. However, Thomas Cook explicitly stated that, at this time, there is no material financial or operational impact on the entity resulting from this order.
Source: BSE
