Thomas Cook (India) Limited has received an order from the Commercial Tax Officer, Chennai, concerning a demand on wrongly adjusted input tax credit (ITC). The order pertains to a turnover tax amount of INR 13,94,644, along with interest and penalty. The company has stated that it is taking necessary steps to appeal the order, believing it has a strong case on merits and anticipates no material financial or operational impact.
Tax Order Details
Thomas Cook (India) Limited has been issued an order by the Commercial Tax Officer, Group-IX, Intelligence-I, Chennai. The order relates to a demand on “ITC wrongly adjusted against the tax liability for the 5% Turnover” tax. The total demand includes a principal amount of INR 13,94,644, with an additional INR 5,37,835 levied as interest and a penalty of INR 1,39,464. These levies are under Section 50 and Section 73 of the CGST Act 2017, respectively.
Company’s Response and Impact
The company received this order on June 11, 2026, and was informed on June 15, 2026. Thomas Cook (India) Limited has indicated that it is pursuing an appeal against this order before the appropriate authority. Management believes the company has a good case on merits. Crucially, the company has stated that there is no material financial or operational impact anticipated from this order on its business activities.
Intimation to Stock Exchanges
In accordance with SEBI Listing Regulations, Thomas Cook (India) Limited has formally intimated the BSE Limited and the National Stock Exchange of India Limited about this order. The details are provided as Annexure A to the disclosure. This intimation has also been uploaded on the company’s website.
Source: BSE
