Tax & Penalty10 Jul 2026, 06:40 pm
Arkade Developers Receives ₹13.74 Lakh GST Demand Order
AI Summary
Arkade Developers Ltd has received a tax demand order of ₹13,73,857/- under the GST Act, 2017, from the Assistant Commissioner, Central Goods and Services Tax and Central Excise, Thane Commissionerate. The demand pertains to FY 2022-23 and relates to issues such as availment of Input Tax Credit (ITC) and GST payable on TDRs. The company stated that there is no material impact on its financial or operational activities and is seeking legal opinion to consider filing an appeal.
Key Highlights
- Received GST tax demand order of ₹13.74 Lakhs.
- Demand relates to FY 2022-23, concerning ITC and TDRs.
- Company states no material financial or operational impact.
- Considering legal opinion and potential appeal.
Price Impact
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