Mahindra Lifespace Receives ₹2.09 Crore Tax Demand from TN GST Dept
Mahindra Lifespace Developers faces a ₹2.09 crore GST demand from Tamil Nadu authorities, the company plans to appeal
Mahindra Lifespace Developers, a well-known real estate firm has received a Rs. 2.09 crore tax demand by the Goods and Services Tax ( GST ) department in Tamil Nadu. The demand includes interest and penalties and was issued under Section 74 of the Goods and Service Tax (GST) Act 2017 alleging underpayment of GST liability. The company disclosed the development in a regulatory filing...
Mahindra Lifespace Developers, a well-known real estate firm has received a Rs. 2.09 crore tax demand by the Goods and Services Tax ( GST ) department in Tamil Nadu.
The demand includes interest and penalties and was issued under Section 74 of the Goods and Service Tax (GST) Act 2017 alleging underpayment of GST liability. The company disclosed the development in a regulatory filing on Wednesday stating it strongly disputes the claim.
The demand order was issued by the Office of the Assistant Commissioner of State Tax, Chengalpattu, Tamil Nadu, and covers the alleged GST shortfall along with associated interest and penalties. The GST authorities accused the company of non-compliance regarding the payment of its GST dues.
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According to the Economic Times, Mahindra Lifespace stated: “Based on the company’s assessment, there has been no non-compliance. A general penalty has been imposed which we intend to challenge.”
Mahindra Lifespace announced its intention to appeal the order and is confident in achieving a favorable resolution. The company explained that it does not expect this demand to have any material financial impact on its operations. “We are hopeful of a positive outcome at the appellate level and remain steadfast in our commitment to compliance,” the company added.
About Mahindra Lifespace
Mahindra Lifespace is one of India’s leading real estate development companies, operating thoughtfully designed residential projects across the country. It offers both value and premium apartments, focusing on sustainability and innovative designs. The company maintains that the allegations in the tax demand do not align with its established track record.
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The firm is set to appeal against the GST department’s order and expects the appellate process to prove its stance. These disputes are not uncommon in the real estate sector and Mahindra Lifespace strongly believes that the resolution of this matter will not adversely impact its financial position or operations.
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