Thomas Cook (India) Limited has received the order from the Authority levying penalty of ₹ 1,36,43,415/- under section 74 of the CGST/GGST Act 2017, according to the regulatory filing.
Joint Commissioner, Mumbai Central, Maharashtra has confirmed the demand of ₹ 1,36,43,415 plus applicable interest and penalty of ₹ 1,36,43,415 under Section 50 and Section 74 of CGST Act 2017 respectively.
Out of the total demand of ₹ 1,36,43,415, demand amounting to ₹ 1,29,64,580 pertains to payment of GST under the wrong head.
The Company is likely to challenge the order before an appropriate authority.”The Company is evaluating necessary next steps in this regard,” Thomas Cook (India) said in their exchange filing.
The disclosure before the exchange was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
