Ashiana Housing faces ₹19.5 Lakh GST demand; to contest order
Ashiana Housing Limited has received a Goods and Services Tax (GST) demand order amounting to ₹19,49,637, which includes interest and penalty. The demand was raised by the Excise and Taxation Departme...
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Why is Ashiana Housing Limited in the news today?
Ashiana Housing Limited (ASHIANA) is in the news due to the company has received a demand order from tax authorities, which is a negative development. although the company intends to contest it and expects no significant impact, the existence of a demand order itself carries a negative sentiment.
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Ashiana Housing faces ₹19.5 Lakh GST demand; to contest order
December 29, 2025, 12:14 PM
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More Details on This News
Ashiana Housing Limited has received a Goods and Services Tax (GST) demand order amounting to ₹19,49,637, which includes interest and penalty. The demand was raised by the Excise and Taxation Department, Gurugram (Haryana) under section 73 of the CGST Act, 2017. The alleged contraventions pertain to the wrong availment of Input Tax Credit (ITC) and short or non-payment of tax under the reverse charge mechanism.
The company received the Order-in-Original dated December 26, 2025, on December 29, 2025. Ashiana Housing Limited has stated that it will contest this order and file an appeal accordingly.
The company believes there will be no significant impact on its financial or operational performance. They are currently in the process of reviewing and reconciling their records regarding the monetary implications.
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