Ashiana Housing Limited has informed the Exchange Regardingdemand under section 74 of the CGST Act 2017 in compliance with Regulation 30 of SEBI (LODR), 2015
ASHIANA · price
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The GST Department, Jaipur has raised a demand of ₹4,95,696 against Ashiana Housing Limited under section 74 of the CGST Act, 2017. The demand includes interest and penalty, and relates to alleged wrong availment of Input Tax Credit on units sold after the completion certificate was issued for Ashiana Umang Phase IV project in Jaipur. The company received the Order-in-Original on April 01, 2026. Ashiana Housing has stated it will contest this order and file an appeal. The company claims no significant impact on its financial or operational performance at this stage.
The demand amount of approximately ₹5 lakh is relatively small for a listed real estate company and the company plans to contest it, so immediate shareholder impact appears limited. However, an adverse outcome on appeal could set a precedent for similar ITC disputes.