Key Quantitative Figures
The company has received a tax demand order for ₹13,73,857 (Thirteen Lakh Seventy Three Thousand Eight Hundred Fifty Seven Rupees) under the GST Act, 2017.
Authority and Date Details
Issuing Authority: Assistant Commissioner, Central Goods and Services Tax and Central Excise, Division III, Thane Commissionerate.
Order Date: July 09, 2026
Date of Receipt: July 10, 2026
Financial Year Concerned: 2022-23
Nature of Violations/Allegations
The order cites the following violations/contraventions:
- Availment of Input Tax Credit (ITC) for certain transactions
- GST Payable on Transfer of Development Rights (TDRs)
- Interest on availment of ITC for certain transactions
Financial and Operational Impact Assessment
The company has explicitly stated: "There is no material impact on financial & operational activities of the Company."
Company's Response and Next Steps
The company is in the process of taking necessary legal opinion and considering filing an appeal against the order.