Ashiana Housing Limited has informed the Exchange regarding rectification order under section 74 of the CGST Act 2017, in compliance under Regulation 30 of SEBI (LODR), 2015
ASHIANA · price
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Ashiana Housing Limited received a rectification order from the GST Department, Jaipur regarding an original demand of Rs. 4,18,776 for late payment of tax liability. Of this amount, Rs. 1,49,311 had already been paid by the company, while the remaining Rs. 2,69,465 in demand (pertaining to interest on delayed payment) has been rectified and dropped by the authorities. The order-in-original was dated March 30, 2026, and received on April 1, 2026. The company states there is no significant impact on its financial or operational performance, though it is still reviewing and reconciling its records.
This is a routine tax compliance matter where the majority of the GST demand was dropped through rectification. The company has already paid a portion, and the resolution appears to be favorable with no material impact on operations.