WeWork India Management Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
WEWORK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
WeWork India has received an order dated March 27, 2026 from the CGST Gurugram Commissionerate covering the period April 2019 to March 2023. The tax authority has alleged excess availment and utilization of Input Tax Credit (ITC) compared to what was available in GSTR-2A/2B, along with certain ineligible ITC claims. The order raises a total tax demand of approximately ₹13.44 crore (₹1.37 crore IGST + ₹6.03 crore CGST + ₹6.03 crore SGST) and an equal amount as penalty, putting the total potential exposure at around ₹26.87 crore. The company disagrees with the findings and plans to appeal before the Commissioner (Appeals) within the prescribed timeline. Management has stated it does not foresee any material impact on its financials, operations, or other activities at this stage.
Investors should note the potential ₹26.87 crore financial exposure from this GST demand, though the company is contesting it through appeal. Near-term stock impact may be limited given the company's assurance of no material impact, but a negative outcome in the appeal could lead to a meaningful cash outflow relative to the demand size.