Thomas Cook India Receives GST Penalty of ₹1.54 Lakh from Ernakulam Authorities

Thomas Cook (India) Limited has disclosed receiving a regulatory order imposing a Goods and Services Tax (GST) penalty, as communicated to stock exchanges under SEBI listing regulations. The travel services company received the order on December 31, 2025, from the Superintendent, Ernakulam, Kochi Kerala.

Penalty Details and Financial Impact

The regulatory order outlines specific financial obligations for the company:

Component:	Amount
Total Demand:	₹13,73,271
GST Penalty:	₹1,53,668
Legal Provision:	Section 73 of CGST Act 2017
Interest Applicable:	Under Section 50

The penalty has been levied under Section 73 of the CGST/KGST Act 2017, with the total demand amount including applicable interest charges under Section 50 of the same act.

Company's Response and Legal Action

Thomas Cook India has indicated its intention to challenge the regulatory order through appropriate legal channels. The company stated it is taking necessary steps to appeal against the order before the appropriate authority and believes it has a good case on merits. According to the company's assessment, there is no material financial or operational impact expected on the entity from this penalty.

Regulatory Compliance and Disclosure

The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III of the Listing Regulations. The company also referenced SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, in its compliance filing.

The intimation has been uploaded on the company's official website and communicated to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements. Company Secretary and Compliance Officer Amit J. Parekh signed the regulatory filing on behalf of Thomas Cook India.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.09%	-6.56%	-1.70%	-11.62%	-27.75%	+188.34%

Thomas Cook (India) Limited has informed stock exchanges about receiving a tax demand order from the Haryana tax authorities. The company disclosed this development through a regulatory filing under SEBI Listing Regulations on December 30, 2025.

Tax Demand Details

The Excise and Taxation officer of State Tax, SGST, Gurugram, Haryana has issued an order confirming various financial obligations against the company:

Component:	Amount (₹)
Tax Demand:	1,02,16,291
Interest Charges:	77,83,975
Penalty:	10,21,630
Total Liability:	1,90,21,896

The penalty has been levied under Section 73 of the CGST/HGST Act 2017, while the interest charges fall under Section 50 of CGST Act 2017.

Company's Response

Thomas Cook India has indicated it will challenge the tax authority's decision through proper legal channels. The company stated it is taking necessary steps to appeal against the order before the appropriate authority and believes it has a good case on merits.

Financial Impact Assessment

According to the company's disclosure, there is no material financial or operational impact expected on the entity from this tax demand. The management appears confident about its position and the potential for a favorable outcome through the appeals process.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and SEBI Master Circular dated November 11, 2024. The intimation has also been uploaded on the company's official website for stakeholder access.