EIH Associated Hotels Limited has informed the Exchange about General Updates
EIHAHOTELS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GST authorities in Jaipur have levied a penalty of Rs 33,03,083 (approximately Rs 33 lakh) on EIH Associated Hotels' Trident Jaipur property under Section 74 of the Central GST Act, 2017. The penalty relates to Input Tax Credit (ITC) claims on input services covering financial years 2018-19 to 2022-23. Six separate orders were issued on 27th March 2026, and the company received them the same evening at 6:34 PM. The company has stated it will take appropriate action within the statutory time limit, suggesting it may challenge the orders through appeal.
The financial impact is limited to about Rs 33 lakh and is restricted to one hotel property (Trident Jaipur), so it is not material to the company's overall financials. Shareholders should watch for whether the company contests the penalty, but near-term stock impact is likely minimal given the small size of the levy.