<h1>Arkade Developers Ltd receives GST tax demand order of Rs 13,73,857/-</h1>
Arkade Developers Ltd has received a tax demand notice from the Assistant Commissioner, Central Goods and Services Tax and Central Excise, Division III, Thane Commissionerate. The order pertains to applicable provisions under the GST Act, 2017, for the financial year 2022-23.
The tax demand issued by the authority amounts to Rs 13,73,857/-. The company received the directive on July 10, 2026.
The demand notice details several alleged contraventions related to GST compliance. These include issues concerning the availment of Input Tax Credit (ITC) for certain transactions, GST Payable on Transferable Development Rights (TDRs), and interest accrued on the availment of ITC for specific transactions.
A summary of the tax imposition is provided below:
| Detail | Specification |
|---|---|
| Authority Name | Assistant Commissioner, Central Goods and Services Tax and Central Excise, Division III, Thane Commissionerate |
| Demand Amount | Rs 13,73,857/- |
| Date of Order Receipt | July 10, 2026 |
The company stated that there is no material impact on its financial or operational activities due to this matter. Arkade Developers Ltd indicated it is in the process of seeking necessary legal opinion and is considering filing an appeal against the order.
ARKADE Stock Price Movement
Today, Arkade Developers Limited stock climbed to settle at ₹132.56, having gained 0.80% in the trading session. The company saw a high of ₹133.8 and a low of ₹129.3 amid a total traded volume of 1.12 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.