Max Estates GST Demand of ₹2.22 Crore Dropped by Authorities

Max Estates Limited has announced that the Assistant Commissioner, Central GST, Division-I, Noida, has passed an order dropping the proposed demand of ₹2.22 Crores, along with applicable interest and ...

Max Estates Limited has announced that the Assistant Commissioner, Central GST, Division-I, Noida, has passed an order dropping the proposed demand of ₹2.22 Crores, along with applicable interest and penalty, which was initially raised via a Show Cause Notice (SCN) on April 5, 2025. The SCN had questioned Input Tax Credit (ITC) claims on certain services, alleging they were not eligible. However, the subsequent order has not sustained these allegations, leading to the dismissal of the proposed demand. The company stated that this development has no material impact on its financial or operational activities. The order was received on December 30, 2025, at 14:51 Hours (IST).

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Why is Max Estates Limited in the news today?

Max Estates Limited (MAXESTATES) is in the news due to the company received a favorable order from the gst authorities, dropping a significant demand, which is a positive development.

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Max Estates GST Demand of ₹2.22 Crore Dropped by Authorities

December 30, 2025, 05:47 PM

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Max Estates Limited has announced that the Assistant Commissioner, Central GST, Division-I, Noida, has passed an order dropping the proposed demand of ₹2.22 Crores, along with applicable interest and penalty, which was initially raised via a Show Cause Notice (SCN) on April 5, 2025.

The SCN had questioned Input Tax Credit (ITC) claims on certain services, alleging they were not eligible. However, the subsequent order has not sustained these allegations, leading to the dismissal of the proposed demand.

The company stated that this development has no material impact on its financial or operational activities. The order was received on December 30, 2025, at 14:51 Hours (IST).

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