Urban Company Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
URBANCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Urban Company received a Show Cause Notice from the GST Department in May 2026 regarding alleged discrepancies in GST returns for FY 2022-23, including issues with turnover reporting in GSTR-1 and GSTR-3B, and Input Tax Credit claims. The SCN proposed a potential demand of Rs 8.7 crore. The company responded to the notice, and on May 28, 2026, received an order fully dropping all proceedings under Section 73 of the SGST Act, 2017. The GST Department found the company's returns were in order with no short reporting of liabilities, no ineligible ITC, and consequently no tax demand, interest, or penalty imposed.
Positive for shareholders - the regulatory concern has been resolved with no financial penalty, removing uncertainty around a potential Rs 8.7 crore GST demand and affirming the company's GST compliance.