Mahindra Lifespace Developers Ltd has been served a tax demand of Rs 2.09 crore by the GST department in Tamil Nadu, which includes both interest and penalty. The demand was issued by the Office of the Assistant Commissioner of State Tax, Chengalpattu, under Section 74 of the GST Act 2017, alleging a short payment of GST liability by the company.
In a regulatory filing, Mahindra Lifespace stated that it disagrees with the demand, asserting that it has complied with all applicable tax provisions. The company indicated that the penalty imposed is general in nature, and it will file an appeal against the order. Despite the tax demand, Mahindra Lifespace remains optimistic about a favourable outcome at the appellate level and does not anticipate any material financial impact on its operations from the current tax demand. The real estate firm’s response underscores its commitment to resolving the matter through the proper legal channels, with hopes of clearing any misunderstandings regarding GST compliance.
