Lemon Tree Subsidiary's GST Appeal Partially Allowed

Lemon Tree Hotels Ltd announced that its material subsidiary, Fleur Hotels Limited, has received a favorable update on a Goods and Services Tax (GST) matter. The Office of the Commissioner, Central Goods & Service Tax (Appeals), Dehradun, has partially allowed Fleur's appeal against an order from the Assistant Commissioner of Central Tax, Dehradun. The appellate authority ruled that interest liability on irregular Input Tax Credit (ITC) will not arise. The original order had imposed demand, penalty, and interest for the Financial Year 2018. While the subsidiary will evaluate further legal action, the company stated there is no material impact on its financials or operations.