Thomas Cook (India) Limited has provided an update regarding a tax dispute involving the non-payment of GST on inward supplies. On April 17, 2026, the company received an order from the Appellate Authority rejecting its appeal application. The confirmed financial liability includes a tax demand of INR 1,99,322, interest of INR 1,35,660, and a penalty of INR 20,000. The company remains confident in its position and is preparing for further appeals.
Details of the Tax Order
The company received an adverse order from the Senior Joint Commissioner, Behala, West Bengal, on April 17, 2026. This order pertains to a demand generated from the non-payment of GST on specific inward supplies that were considered liable to the reverse charge mechanism. The total financial impact outlined in the order aggregates to INR 3,54,982, which encompasses the base tax demand, interest under Section 50 of the CGST Act, and a penalty under Section 73.
Management Stance and Future Steps
Despite the recent rejection of the appeal by the Appellate Authority, the company maintains that it has a strong case on its merits. Management has indicated that it is already taking the necessary steps to file an appeal before the Appellate Tribunal. The company has confirmed that this matter has no material financial or operational impact on its ongoing business activities or overall stability.
Source: BSE
