Ashiana Housing faces GST demand of about 3.45 crore from Tamil Nadu
ASHIANA · price
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Tamil Nadu GST Department has raised a demand of about 3,44,89,552 rupees (including interest and penalty) against Ashiana Housing under Section 74 of the TNGST Act 2017. The order, received on September 3, 2026, relates to alleged differences between taxes paid in GST returns and turnover declared in GSTR 9C for the Chennai location for FY 2024-25. The company will contest the order before the Commissioner (Appeals) and stated there is no significant impact on financial or operational performance.
Company plans to appeal; amount is small relative to operations but adds to tax litigation overhang for shareholders.