Finolex Cables has received an order regarding alleged non-compliance with GST regulations. The order, dated January 2, 2026, was issued by the Superintendent, CGST and Central Excise, Division-III, Indore. The company has the option to appeal the order. The alleged non-compliance relates to discrepancies in E-way bills and GST returns for FY 2018-19. The tax demand is ₹1,10,720, including penalty, which the company believes will not significantly impact operations.
Order Details
Finolex Cables has received an order concerning GST non-compliance. The order was issued on January 2, 2026, by the Superintendent (Vertical-3), CGST and Central Excise, Division-III, Indore, Madhya Pradesh.
Nature of Alleged Non-Compliance
The order confirms a demand under a Show Cause Notice related to mismatches between E-way bills and GST Returns for the financial year 2018-19.
Financial Impact
The total tax demand is ₹1,10,720, comprising ₹55,360 in tax and ₹55,360 in penalty. The company assesses that this will not have a major impact on its operations.
Option to Appeal
Finolex Cables retains the option to file an appeal with the Appellate Authority regarding this order.
Source: BSE
