Mahindra Holidays & Resorts India Limited has received an Order dated April 29, 2024, from the Office of Assistant Commissioner State Taxes and Excise, Dhalli Circle, Shimla, Himachal Pradesh along with the summary of the Order dated April 29, 2024 (Order) through an email received at 2.51 p.m. (IST) on April 29, 2024 intimating about the upload of the Order on the GST portal. Name of the authority: Assistant Commissioner State Taxes and Excise, Dhalli Circle, Shimla, Himachal Pradesh. The Company has received an Order from the Authority for fiscal year 2018-19 requiring the Company to pay a penalty of INR 40,000 under applicable provisions of the HP GST Act, 2017 & CGST Act, 2017.

The Order has been passed on account of non-production of records in accordance with the provisions of Section 125 of the GST Act, 2017, while dropping the proceedings in respect of unreconciled taxable turnover, difference in tax liability due to reverse charge as per GSTR-2A and GSTR-3B, difference in nil rated, exempted and non GST supplies, unreconciled payment of tax and unreconciled ITC.