AWFIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awfis Space Solutions received final orders from the GST Department (Commercial Tax Officer, Chennai Central, Tamil Nadu) dropping tax demands totaling Rs. 2,96,64,251. The dropped amounts include Rs. 58,67,434 for FY 2019-20 (order dated March 23, 2026), Rs. 1,00,10,817 for FY 2023-24, and Rs. 1,37,86,000 for FY 2024-25 (both orders dated April 30, 2026). The original GST demand of Rs. 7,61,11,128 was raised following an inspection in November 2024 covering FY 2019-20 to FY 2024-25. Proceedings for the remaining financial years FY 2020-21, FY 2021-22, and FY 2022-23 are still pending with the concerned authority.
Positive development for shareholders as the company has successfully got GST demands of nearly Rs. 3 crore dropped, reducing its contingent tax liability. The stock may see a modest positive reaction given the resolution of part of the tax dispute.