Mahindra Holidays Receives ₹11.34 Crore GST Notice

Authority: Additional/Joint Commissioner, Central GST Audit, Commissionerate, Dehradun
Reference Number: ZD050826017356B
Date of Receipt: 25th August 2026 at 2:56 PM (IST)
Delivery Method: Received via email
Period Covered: Financial Years 2020-21, 2021-22, 2022-23 & 2023-24
Total Demand: ₹11,33,69,421 (₹11.34 crore)
Tax Amount: ₹11,33,19,421
Penalty Amount: ₹50,000
Governing Acts: Uttarakhand Goods and Services Tax Act, 2017 & Central Goods and Service Tax Act, 2017
Primary Allegations: Short payment of tax on supply of services in Uttarakhand, short payment of tax due to difference in turnover

Based on the company's assessment and advice of counsel, the company does not expect the SCN to have any material financial impact on the company.

The company is taking appropriate steps to pursue legal remedies before the appropriate authority in this regard.

The information has been disclosed on the company's website at: https://www.clubmahindra.com/investors/investor-information