GST Department, Jaipur raised a demand of ₹4,95,696 (including interest and penalty) under Section 74 of CGST Act 2017.
Demand relates to alleged wrong availment of Input Tax Credit on units sold after completion certificate of Ashiana Umang Phase IV, Jaipur.
Ashiana Housing intends to contest the order and file an appeal; no significant financial or operational impact reported.