Tax & Penalty1 Oct 2026, 05:40 pm
WeWork India Receives GST Demand Notice of ₹11.01 Cr
AI Summary
WeWork India Management Ltd has received a show cause cum demand notice dated September 29, 2026, from the Office of the Principal Commissioner of CGST & CX, Mumbai East. The notice pertains to the period April 2021 to March 2023 and alleges excess availment and utilization of Input Tax Credit (ITC). The total demand includes ₹11,01,28,801/- (₹5,95,97,913/- IGST, ₹2,52,65,444/- CGST, and ₹2,52,65,444/- SGST), along with applicable interest and penalties. The company disputes the allegations and is preparing a detailed response, stating that it does not expect any material financial impact at this stage.
Key Highlights
- WeWork India received a GST demand notice for ₹11.01 Cr.
- Notice alleges excess Input Tax Credit (ITC) availment for April 2021-March 2023.
- Company disputes allegations and expects no material financial impact.
- Response to be submitted within statutory timelines.
Price Impact
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