Ashiana Housing Limited has announced that the GST Department, Delhi, has issued a demand order amounting to ₹48,45,206, which includes interest and penalty, under the CGST Act, 2017. The alleged demand pertains to the short/non-payment of tax on outward supplies that were underdeclared in GSTR-9, and ITC reversal on non-business and exempt supplies. The Order-in-Original, dated December 12, 2025, was received by the company on December 19, 2025. The company has stated that it will contest this order and plans to file an appeal. Ashiana Housing Limited has indicated that this demand is not expected to have a significant impact on its financial or operational performance. The company is currently in the process of reviewing and reconciling its records to determine the precise monetary implications.