Awfis Receives Show Cause Notice for ₹7.10 Crore Demand
Awfis received a Show Cause Notice from the Commercial Tax Officer for FY 2022-23 returns. The notice seeks a demand of approximately ₹7.10 Crores, along with interest and penalty. The company is examining the notice, seeking clarification, and does not expect a material financial impact.
The notice involves a significant amount of ₹7.10 Crores, which could potentially impact the company if not resolved favorably. However, the company's proactive approach in seeking clarification and its assessment of no material impact mitigate the immediate high impact.
The company has received a Show Cause Notice for potential tax discrepancies. While a demand of ₹7.10 Crores is mentioned, the company is examining the notice and does not foresee a material impact, indicating a neutral sentiment.
Awfis Space Solutions Limited announced on June 2, 2026, that it has received a Show Cause Notice (SCN) dated May 23, 2026, from the Commercial Tax Officer, Nungabakkam, Central -III, Chennai Central, Tamil Nadu. The notice, received on May 25, 2026, in form DRC-01, pertains to various discrepancies in the company's filed return statements for the Financial Year 2022-23.
As per the calculations mentioned in the SCN, a demand of approximately ₹7.10 Crores, along with interest and penalty, is sought. The company is currently examining the notice and is in the process of seeking clarification from the concerned GST authority regarding apparent discrepancies and a material calculation error in the demand amount. Awfis is taking appropriate steps, including submitting a reply within the prescribed time period.
The company does not envisage any relevant impact on its financials, operations, or other activities due to this notice. The information will also be available on the company's website.
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