Chalet Hotels Limited informed that the Company has received an Order from the GST Department - Maharashtra State on August 28, 2024 under section 73 of Goods and Services Tax Act 2017 (the Act), with a demand aggregating to INR 42.45 Million (including interest of INR 23.82 Million and penalty of INR 1.69 Million). The said demand pertains to Maharashtra State GST for the Financial Year 2019-20. The Company believes that the Order is contestable and will consider taking appropriate legal recourse against the aforesaid Orders.
The business operations of the Company continue as usual and are not impacted. Name of the Authority: Deputy Commissioner of State Tax, (MUM-NOD-E-201), (GIRGAON_501). Details of the violation(s)/contravention(s) committed or alleged to be committed: Mismatch in Input Tax Credit claimed, tax on outward supplies and disallowance/reversal of input tax credit.
