Repco Home Finance receives GST demand order of ₹11.73 Crore
Repco Home Finance Limited (RHFL) has received an order from the Office of the Assistant Commissioner, Saidapet, Assessment Circle, Chennai. This order pertains to assessment and adjudication under Se...
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Why is Repco Home Finance Limited in the news today?
Repco Home Finance Limited (REPCOHOME) is in the news due to the company has received a significant demand order from the gst authorities, which includes tax, interest, and penalty, indicating a negative financial event.
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Repco Home Finance receives GST demand order of ₹11.73 Crore
January 2, 2026, 12:18 PM
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Repco Home Finance Limited (RHFL) has received an order from the Office of the Assistant Commissioner, Saidapet, Assessment Circle, Chennai. This order pertains to assessment and adjudication under Section 73 of the GST Act, 2017.
The company received the order on December 31, 2025. The demand raised amounts to ₹11,73,29,654, which includes ₹6,64,47,360 as total tax due, ₹4,42,37,558 for interest, and ₹66,44,736 as penalty. This demand is related to ITC Reversal Due on Outstanding Payment as per the Second Proviso to Sub-section (2) of Section 16, and other income for the financial year 2021-22.
Repco Home Finance stated that there is no material impact on its financials, operations, or other activities due to this order. The company plans to file an appeal before the GST authority. The disclosure is being submitted on the next working day as the communication was received after working hours on December 31, 2025.
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