
Tax & Penalty2 Jun 2026, 05:01 pm
Awfis receives ₹7.1 Cr tax notice; examining impact
AI Summary
Awfis Space Solutions Ltd has received a Show Cause Notice (SCN) from the Commercial Tax Officer, Chennai, for discrepancies in its FY 2022-23 tax returns. The notice, dated May 23, 2026, proposes a demand of approximately INR 7.10 Crores, along with interest and penalty. The company is currently examining the notice and seeking clarification from the GST authority regarding apparent calculation errors. Awfis stated that it does not envisage any material impact on its financials, operations, or other activities. A detailed reply will be submitted within the prescribed timeframe.
Key Highlights
- Received Show Cause Notice from Commercial Tax Officer for FY23 discrepancies.
- Notice proposes demand of approx. ₹7.10 Cr plus interest and penalty.
- Company is examining notice and seeking clarification on calculation errors.
- No material impact on financials or operations anticipated.
- Reply to be submitted within the prescribed time period.
Price Impact
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