Tax & Penalty3 Sept 2026, 01:37 pm
Ashiana Housing Faces ₹3.44 Cr GST Demand in Tamil Nadu
AI Summary
Ashiana Housing Ltd. has received an order from the GST Department, Tamil Nadu, demanding ₹3,44,89,552, including interest and penalty. The demand arises from alleged differences between GST returns filed and turnover declared in GSTR 9C for FY 2024-25 in Chennai. The company plans to contest this order before the Commissioner (Appeals). Ashiana Housing stated that the order is not expected to have a significant impact on its financial or operational performance.
Key Highlights
- GST demand of ₹3.44 Cr issued by Tamil Nadu GST Department.
- Demand relates to alleged discrepancies in GST returns for FY 2024-25.
- Company will contest the order before the Commissioner (Appeals).
- No significant financial or operational impact anticipated.
Price Impact
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