Ashiana Housing Ltd Alleged By GST Dept For Short Payment

Ashiana Housing Ltd Alleged By GST Dept For Short Payment

Ashiana Housing Ltd has recently issued a regulatory filing to The Bombay Stock Exchange Ltd and National Stock Exchange of India Limited informing them of a demand order under of the section 74 Central Goods and Services Tax (CGST) Act, 2017, along with an equal penalty, for the company’s Jamshedpur location for the financial Year 2019-20.

The Ashiana Housing Ltd Company’s case is from the financial year 2019-2020. According to CGST & CX Range, the company is accused of short payment of GST for FY 2019-2020. Company says “the relevant information is to note that the company had voluntarily discharged the said liability of Rs. 10,67,747 through form DRC-03 during the same year”.

Talking about impact on the Company, it has clearly mentioned that no significant impact on financial or operational performance has been observed by the company. Moreover, the company is not satisfied with the order and is currently reviewing and matching its records. The company intends to challenge this order before the higher authority.