Lemon Tree Hotels Limited Announces Receipt of Order for Recovery of Service Tax and Penalties from Office of the Commissioner of Goods & Service Tax & Central Excise, Delhi

Lemon Tree Hotels Limited announced receipt of order for recovery of Service Tax and penalties from Office of the Commissioner of Goods & Service Tax & Central Excise, Delhi under Section 73 of Finance Act, 1994 read with Section 142 and 174(2) of the Central Goods and Services Tax Act, 2017 (CGST 2017). Name of the authority is Office of the commissioner of central goods & service Tax, Delhi south Commissionerate. Demand of service tax amounting to INR 3,560,214 including applicable cess under provision of section 73(1) of the Finance Act, 1994 read with section 174(2) of CGST Act, 2017; Demand and recovery of interest on the above amount under section 75 of the Finance Act; Imposing penalty and order for recovery of Penalty of INR 20,000 under section 77 of the Finance Act, 1994 and penalty amounting to INR 3,560,214 under section 78 of the Finance Act, 1994.

Order(s) dated February 26, 2024, Received by the Company on March 7, 2024. Not correctly assessing the service tax due on service charge, Recovery of short levied and short paid service tax under section 73(1) of the Finance act read with section 174(2) of the CGST Act, penalty under section 78 and 77 of the Finance act read section 174 of the CGST Act, 2017. Name of the authority: Office of the commissioner of central goods & service Tax, Delhi south Commissionerate.

Demand for recovery of service tax amounting to INR 18,076,581 including applicable cess under the provision of Section 73(1) of the finance act, 1994 read with Section 174 (2) of CGST Act, 2017 for the period from April 2012 to June 2017; Demand and recovery of interest on the above amount under section 75 of the finance act as amended read with section 174 of the CGST Act, 2017; Imposing penalty amounting to INR 18,076,581 under section 78 of the finance act, 1994 read with section 174 of the CGST act, 2017. The notice order imposes the penalty amount to INR 20,000 under section 77 of the Act. Order(s) dated February 26, 2024, Received by the Company on March 7, 2024.

Not correctly assessing the service tax due on service charge, Recovery of short levied and short paid service tax under section 73(1) of the Finance act read with section 174(2) of the CGST Act, penalty under section 78 and 77 of the Fnance act read section 174 of the CGST Act, 2017.