Announced Fri, 10 Jul · 18:32 IST
GST tax demand of Rs 13.74 lakh received for FY 2022-23, company to appeal
Regulatory & Legal View source PDF
ARKADE · price
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+4.7%1-day move
₹132.89
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₹133.10
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AI summary
Arkade Developers received a GST tax demand order of Rs 13,73,857 from the Assistant Commissioner, Central GST and Central Excise, Thane Commissionerate. The order dated July 9, 2026 relates to FY 2022-23 and covers alleged issues with input tax credit (ITC) availment for certain transactions, GST payable on Transferable Development Rights (TDRs), and interest on the ITC. The company has stated there is no material impact on its financials or operations and is seeking legal advice to file an appeal.
Likely market impact
Small tax demand relative to company size; no material financial impact stated. Appeal likely, outcome to be watched.