Ashiana Housing Limited has informed the Exchange about Corporate Announcement regarding demand under section 73 of the CGST Act 2017
ASHIANA · price
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Awaiting price reaction for this filing.
The GST Department in Jaipur has raised a demand of ₹12,94,084 (including interest and penalty) against Ashiana Housing under Section 73 of the CGST Act, 2017. The demand relates to alleged wrongful availment of Input Tax Credit (ITC) from suppliers who did not file their GST returns. The order was issued on December 29, 2025, and received by the company on January 2, 2026. The company has stated it will contest the order by filing an appeal. The company has clarified there is no significant impact on its financial or operational performance and is reviewing its records to assess monetary implications.
The demand amount is small relative to the company's size and the company is appealing, so material impact on the stock is unlikely. However, investors should watch for updates on the appeal outcome, as a sustained adverse ruling could affect financials marginally.