Finolex Cables has received an order from a Commercial Tax Officer in Chandigarh regarding a mismatch of GST input tax credit (ITC) for FY 2021-22. The order, received on December 22, 2025, allows the company to appeal. The tax demand is Rs. 22,00,51,844/-. The company does not expect this to have a significant operational impact.
Order Details
Finolex Cables has been issued an order following a Show Cause Notice regarding a mismatch of GST input tax credit. The notice was related to the fiscal year 2021-22. The order was issued by a Commercial Tax Officer in Chandigarh.
Financial Implications
The total tax demand related to this order amounts to Rs. 22,00,51,844/-. This includes Tax of Rs. 11,82,52,691/-, Interest of Rs. 8,99,23,883/- and a Penalty of Rs. 1,18,75,270/-. According to the company’s assessment, this order is not expected to have a major impact on Finolex Cables’ operations.
Next Steps
Finolex Cables retains the option to appeal the order before the Appellate Authority. The original order was issued on December 20, 2025, and received by the Company on December 22, 2025.
Source: BSE