Leela Palaces Subsidiary Receives GST Orders; No Material Impact
Leela Palaces Hotels & Resorts Limited (formerly known as Schloss Bangalore Limited) has disclosed that its material subsidiary, Tulsi Palace Resort Private Limited (TPRPL), has received multiple orde...
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Why is Leela Palaces Hotels & Resorts Limited in the news today?
Leela Palaces Hotels & Resorts Limited (THELEELA) is in the news due to the announcement details gst orders received by a subsidiary, some of which involve confirmed tax demands. however, the company explicitly states that these orders have no material impact, balancing the negative aspect of demands with the neutral outcome of no significant financial consequence.
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Leela Palaces Subsidiary Receives GST Orders; No Material Impact
January 1, 2026, 01:07 PM
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Leela Palaces Hotels & Resorts Limited (formerly known as Schloss Bangalore Limited) has disclosed that its material subsidiary, Tulsi Palace Resort Private Limited (TPRPL), has received multiple orders from the GST authorities in Jaipur. These orders pertain to alleged tax demands, interest, and penalties.
Specifically, TPRPL received a show cause notice for a tax demand of ₹2,02,38,738, but the Order-in-Original dropped proceedings entirely. Another notice for ₹1,18,31,838 resulted in an order raising a demand of ₹66,06,538. A third notice for ₹1,89,12,531 led to an order confirming the demand, and a fourth notice for ₹2,64,06,124 resulted in an order raising a demand of ₹11,29,009. All these orders were received on December 31, 2025.
The alleged violations include wrong adjustment of tax liability and short payment of tax with respect to advances received from customers, as well as non-payment of tax under reverse charge on import of services. However, the company explicitly stated that these orders do not have any material impact on the financial, operational, or other activities of Leela Palaces Hotels & Resorts Limited. TPRPL is evaluating legal remedies, including filing appeals against the orders where applicable.
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