Repco Home Finance Limited has informed the Exchange about Action(s) taken or orders passed
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Repco Home Finance has received an assessment order from the Office of the Assistant Commissioner, Saidapet, Assessment Circle, Chennai under Section 73 of the GST Act, 2017. The order raises a total demand of Rs. 11,73,29,654, comprising tax of Rs. 6,64,47,360, interest of Rs. 4,42,37,558, and a penalty of Rs. 66,44,736. The demand relates to ITC reversal on outstanding payments and other income for FY 2021-22. The order was received on 31st December 2025. The company has stated that there is no material impact on its financials or operations and intends to file an appeal before the GST authority.
The tax demand of Rs. 11.73 crore is not considered material by the company, and an appeal will be filed. Shareholders should note this as a contingent liability until the appeal is resolved, but near-term business impact is limited per management's own assessment.