Wholly owned subsidiary receives GST show cause notice of Rs. 14,00,00,892

Ananta Landmarks Pvt Ltd, a wholly owned subsidiary, received a GST show cause notice dated Sept 24, 2026 from the Deputy Commissioner of State Tax.

Fri 25 Sep 2026

GST Show Cause Notice Amount

Rs. 14,00,00,892

Notice Date

September 24, 2026

Authority

Deputy Commissioner of State Tax

Issue Period

FY 2022-23

Subject

Payments to municipal corporation on reverse charge basis and disallowance of input tax credit

What happened

Ananta Landmarks Private Limited (ALPL), a wholly owned subsidiary, received a show cause notice dated September 24, 2026 from the Deputy Commissioner of State Tax.

The amount

• GST, applicable interest and penalty aggregating Rs. 14,00,00,892.
• Relates to payments to municipal corporation on reverse charge basis and disallowance of input tax credit for FY 2022-23.

Company's stand

• ALPL is advised that the notice is devoid of any merits and will contest it.
• The company states the notice does not have any material financial impact on its operations.

What it means

A show cause notice is a preliminary step where the tax authority asks the taxpayer to explain why a demand should not be raised. It is not a final tax demand, and the matter can be settled through replies, adjudication or appeals. Investors may view such notices as a routine tax dispute, though the eventual outcome determines whether any payment arises.

The company received the information from ALPL on September 24, 2026 at 07:04 p.m. and disclosed it under Regulation 30.

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