Leela Palaces subsidiary wins GST case; ₹1.97 Crore demand dropped
Leela Palaces Hotels & Resorts Limited announced that its material subsidiary, Tulsi Palace Resort Private Limited (TPRPL), has received a settlement order from the Office of the Assistant Commissione...
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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 company's subsidiary successfully resolved a tax dispute, with the demand and all associated proceedings being dropped, which is a positive outcome.
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Leela Palaces subsidiary wins GST case; ₹1.97 Crore demand dropped
December 30, 2025, 04:21 PM
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Leela Palaces Hotels & Resorts Limited announced that its material subsidiary, Tulsi Palace Resort Private Limited (TPRPL), has received a settlement order from the Office of the Assistant Commissioner, Central Goods and Services Tax Division, Jaipur-East.
Previously, TPRPL had received a Show Cause Notice dated April 22, 2025, alleging a tax demand of ₹1,97,43,480/-, along with applicable interest and penalty. Following submissions made by TPRPL and a personal hearing, the tax authority has dropped these proceedings in their entirety.
As a result, no compensation or penalty has been paid by TPRPL. The company stated that this settlement has no adverse impact on its financial position or operations.
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