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Cords Cable Industries Faces Tax Credit Demands, Plans Rectification Action

Story Highlights
  • Cords Cable Industries produces cables for industrial and infrastructure sectors, serving markets like power and railways.
  • The company received a GST demand order but confirmed no significant operational or financial impact.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Cords Cable Industries Faces Tax Credit Demands, Plans Rectification Action

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Cords Cable Industries Limited ( (IN:CORDSCABLE) ) has issued an announcement.

Cords Cable Industries Limited announced receiving a demand order from the Assistant Commissioner of CGST Division, alleging incorrect availing of input tax credit between FY 2018-19 and 2022-23. The company plans to file a rectification application and stated that the order has no material impact on its financial or operational activities.

More about Cords Cable Industries Limited

Cords Cable Industries Limited operates in the manufacturing sector, specializing in the production and supply of cables used in industrial and infrastructure projects. The company caters to diverse market needs with a focus on delivering high-quality solutions for sectors like power, oil and gas, and railways.

Average Trading Volume: 3,162

Technical Sentiment Signal: Strong Buy

Current Market Cap: 2.47B INR

See more data about CORDSCABLE stock on TipRanks’ Stock Analysis page.

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