Ashiana Housing Limited has informed the Exchange about Corporate Announcement Under Regulation 30 of the SEBI (LODR) Regulations Regarding demand under section 73 of the CGST Act 2017.
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Ashiana Housing has received a demand notice from GST authorities under Section 73 of the CGST Act, 2017. The company has informed the stock exchange about this development as required under SEBI listing rules. The exact amount of the demand has not been disclosed in this headline. The company is likely to explore options such as contesting or appealing the demand.
Tax demands under Section 73 of the CGST Act typically concern alleged short-payment of GST or wrongful use of input tax credit. The financial impact on shareholders depends on the quantum of the demand and whether the company chooses to pay or contest it.