Godrej Properties Ltd receives GST demand of Rs. 48 crore from Navi Mumbai CGST Authority

Godrej Properties Ltd, a subsidiary of GRMPL, has received an order from the Additional Commissioner, CGST & C. Ex., Navi Mumbai, for GST demand of Rs. 48,31,06,179 along with interest and penalty under Section 122(2)(b) of the Central Goods and Services Tax Act, 2017. The company will challenge the order at the appropriate forum in accordance with the law and does not expect any material impact on its financial, operations or other activities.,