Max Estates Receives GST Order with ₹2.15 Crore Demand; Plans Appeal
Max Estates Limited received a GST order demanding ₹2.15 crore for the 2021-22 period. The company plans to appeal the order, stating it has strong legal grounds and no material impact on its operations.
A demand of ₹2.15 crore, while stated to have no material impact, is a significant amount that could potentially affect finances if the appeal is unsuccessful. The company's plan to appeal suggests they are taking it seriously.
The company has received a tax demand order, which is a negative event. However, they believe they have strong grounds to appeal and state there is no material impact on their operations, balancing the negative aspect.
Max Estates Limited has received an order under the Central Goods and Services Tax Act, 2017, from the Office of the Deputy Commissioner, State Tax Department, Uttar Pradesh (Noida). The order pertains to a demand of GST along with penalty and applicable interest amounting to ₹2,15,47,966 (Indian Rupees Two Crores Fifteen Lakhs Forty Seven Thousand Nine Hundred Sixty Six Only) for the financial year 2021-22.
The company received this order on December 30, 2025, at 10:32 A.M. (IST). Max Estates Limited firmly believes it possesses strong legal and factual grounds to challenge this order and intends to pursue appropriate legal remedies, including filing an appeal before the relevant authorities.
Despite the demand, the company states that there is no material impact on its financial, operational, or other activities.
What to do with a filing like this
Max Estates Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Max Estates Limited. Read the original for the full detail.