Lemon Tree Hotels Limited has informed the Exchange about Action(s) initiated or orders passed
LEMONTREE · price
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On the reaction day the stock moved 0.6 pts less than Nifty Smallcap 250 and 0.5 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Lemon Tree Hotels Limited disclosed that its subsidiary Hyacinth Hotels Private Limited received an order from the Office of the Assistant Commissioner of Central GST, Delhi South Commissionerate on April 13, 2026. The order demands recovery of Rs. 46,39,783 as tax liability on import of services under reverse charge mechanism, along with applicable interest and an equal penalty of Rs. 46,39,783. The demand covers Financial Years 2019-20 to 2023-24 under Sections 50 and 74 of the CGST Act, 2017. The company stated there is no material impact on financial operations except to the extent of the specified amount. The subsidiary is evaluating available legal remedies and will take appropriate legal action.
The total potential liability including tax, interest, and penalty amounts to approximately Rs. 1.39 crore. While the company claims no material impact, the equal penalty amount suggests the tax authority found a significant contravention. Shareholders should monitor if the legal remedies pursued result in a court stay or settlement.