Coromandel International faces GST order on alleged input tax credit

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Blacklitt Research28 October 20262 min read

Coromandel International (NSE: COROMANDEL) disclosed an Order-in-Appeal from the Deputy Commissioner (Appeal), Chennai North, Tamil Nadu State GST, it said in a filing on 28 Oct 2026. The order confirms a demand of ₹1.79 crore in tax for FY 2019-20, with interest of ₹2.08 crore and a penalty of ₹17.86 lakh; the filing describes the demand as concerning alleged ineligible Input Tax Credit.

The order and the demand

The Deputy Commissioner (Appeal), Chennai North, Tamil Nadu State GST passed an Order-in-Appeal for FY 2019-20 under Section 73 of the Central GST / Tamil Nadu GST Act, 2017, read with corresponding provisions of the IGST Act, 2017.

The order confirms a demand of ₹1.79 crore in tax, ₹2.08 crore in interest and a penalty of ₹17.86 lakh. The company received the communication from the authority on 27 Oct 2026.

The company's response

The company says it believes it has a case to defend on merits, and that the appeal is being preferred before the GSTAT.

The company states there is no significant impact on its financials, operations or other activities.

What the order means for Coromandel International's shareholders

The order is at the appeal stage, with the company taking the matter to the GSTAT. The company says the order has no significant impact on its financials, operations or other activities.

The filing does not state the monetary impact in rupees, whether any amount has been paid against the demand, or when the GSTAT will hear the appeal.

At a glance

Item	Detail
Authority	Deputy Commissioner (Appeal), Chennai North, Tamil Nadu State GST
Order	Order-in-Appeal for FY 2019-20 under Section 73 of the Central GST / Tamil Nadu GST Act, 2017
Communication received	27 Oct 2026
Tax demanded	₹1.79 crore
Interest	₹2.08 crore
Penalty	₹17.86 lakh
Appeal forum	GSTAT
Filed with exchanges	28 Oct 2026

Reference: Original filing (PDF)

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