Ashiana Housing receives ₹3.45 Cr GST demand order from Tamil Nadu; to contest
Ashiana Housing received a GST demand order of ₹3.45 crore from the Tamil Nadu GST Department for FY 2024-25. The demand relates to alleged discrepancies in GST returns for its Chennai operations. The company plans to contest the order before the Commissioner (Appeals) and does not anticipate a significant financial impact.
While the company states no significant impact, a GST demand of ₹3.45 crore, including penalties and interest, can have a medium-term financial effect and requires legal contestation.
The company has received a significant tax demand order, which is a negative development.
Ashiana Housing Limited has received a GST demand order amounting to ₹3,44,89,552 (including interest and penalty) from the State Tax Officer, Group-IX, Chengalpattu Intelligence Division, Chennai, under the Tamil Nadu Goods & Service Tax (TNGST) Act, 2017. The demand pertains to alleged differences between taxes paid in GST returns and the financial turnover declared in GSTR 9C for the Chennai location during FY 2024-25.
The company received the Order-in-Original dated August 31, 2026, on September 03, 2026. Ashiana Housing has stated that it will contest this order before the Commissioner (Appeals).
The company believes there will be no significant impact on its financial or operational performance. While the GST Department, Tamil Nadu, has raised a demand for penalty, the company is reviewing and preparing to take appropriate action.
A plain-language summary of a public exchange filing by Ashiana Housing Limited. Read the original for the full detail.