LIC Housing Finance Limited has informed the Exchange regarding 'Pursuant to regulation 30 of the Listing Regulations, it is to inform that the LIC Housing Finance Limited ( the Company ) has received communication / demand for Goods & Service Tax and Penalty for Jharkhand State. The order is appealable before the Commissioner (Appeals), Ranchi, Jharkhand.'.
LICHSGFIN · price
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Awaiting price reaction for this filing.
LIC Housing Finance has received a demand order for Goods & Services Tax (GST) along with a penalty specifically for Jharkhand State. The order has been issued under GST regulations, not SEBI. The company has the right to appeal this order before the Commissioner (Appeals) in Ranchi, Jharkhand. No specific monetary value of the demand or penalty has been disclosed in the filing. The matter is currently at the stage where the company can challenge the order.
This represents a potential tax liability for the company, but since the order is appealable and not yet final, the actual financial impact is uncertain. Shareholders should watch for updates on the appeal outcome and the final demand amount, as an unfavourable ruling could affect earnings.