Lemon Tree Hotels Limited has informed the Exchange about Action(s) initiated or orders passed
LEMONTREE · price
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Lemon Tree Hotels Limited received an order from the Office of the Assistant Commissioner of Central Goods & Service Tax, Delhi South Commissionerate on April 16, 2026. The tax authority raised a demand for Rs. 39,97,924 (approximately Rs. 40 lakh) on import of services under reverse charge mechanism, along with equivalent penalty of the same amount. The demand covers Financial Years 2019-20 to 2023-24 and has been raised under Sections 50 and 74 of the CGST Act, 2017. The company states there is no material impact on financial operations beyond the specified amount and is evaluating legal remedies.
The financial impact is relatively modest at around Rs. 40 lakh plus interest. However, it represents a tax compliance issue spanning multiple years that could attract further scrutiny. The company plans to challenge the order legally.