Legal1 April 2026 at 10:08 am
Ashiana Housing Ltd. gets rectification order under Section 74 of the CGST Act 2017, dropping ₹2,69,465 demand
AI Summary
Ashiana Housing Ltd. has received a rectification order from the GST Department, Jaipur, under Section 74 of the CGST Act 2017. The order drops the demand of ₹2,69,465 pertaining to interest on delayed payment of tax liability. Earlier, the company had paid ₹1,49,311/- out of the total demand of ₹4,18,776/-. The rectification order does not have a significant impact on the financial or operational performance of the company. The company is currently reviewing and reconciling its records regarding the monetary implications.
Key Highlights
- Ashiana Housing Ltd. receives rectification order under Section 74 of the CGST Act 2017
- The order drops the demand of ₹2,69,465 pertaining to interest on delayed payment of tax liability
- Earlier, the company had paid ₹1,49,311/- out of the total demand of ₹4,18,776/-
- No significant impact on financial or operational performance
- Company reviewing and reconciling records for monetary implications