GST Show Cause Notice of Rs. 36,29,52,674 Received for FY 2022-23

Received a GST Show Cause Notice from the Deputy Commissioner of State Tax, Mumbai on 30th September 2026.

Thu 1 Oct 2026

Total Demand Amount

Rs. 36,29,52,674

Tax Component

Rs. 19,10,99,257

Interest Component

Rs. 15,26,82,114

Penalty Component

Rs. 1,91,71,303

Financial Year

FY 2022-23

What happened

The company informed the exchanges that it received a Show Cause Notice (SCN) from the Deputy Commissioner of State Tax, Mumbai, by email dated 30th September 2026, received at 1:28 p.m.

Amount demanded

• Total demand: Rs. 36,29,52,674 for FY 2022-23
• Tax: Rs. 19,10,99,257
• Interest: Rs. 15,26,82,114
• Penalty: Rs. 1,91,71,303

Grounds cited

The notice is issued under the Maharashtra Goods and Services Tax Act, 2017 and the Central Goods and Services Tax Act, 2017, and relates, among other things, to:

• Non-payment of GST on stay facilities and non-issuance of cross-charge invoices
• Unverified classification of the disposal or sale of fixed assets
• Short payment of GST on food, travel and allied services provided to member guests
• Availment of ineligible input tax credit

Company's position

Based on its own assessment, the company states the SCN is not expected to have any material financial impact. It says it is taking necessary steps in this regard before the appropriate authority.

How to read this

A Show Cause Notice is a tax authority asking the company to explain why the stated amount should not be demanded. It is a stage in the process, not a final order, and the company can respond and contest it. Investors may watch for the outcome of the company's response and any subsequent order from the authority.

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