Ashiana Housing Ltd. Faces GST Demand of ₹495,696
Ashiana Housing Ltd. announced that the GST Department in Jaipur has issued a demand of ₹495,696, including interest and penalty, under the CGST Act 2017. The demand relates to alleged improper availment of Input Tax Credit concerning units sold/supplied following the issuance of a completion certificate for Ashiana Umang Phase IV in Jaipur.The order, dated March 27, 2026, was received by the company on April 1, 2026, from the Office of the Superintendent CGST Range - XXXVIII, Jaipur (South Central). The assessment alleges incorrect Input Tax Credit utilization for units sold/supplied after the completion certificate issuance for Ashiana Umang Phase IV.
According to Ashiana Housing Ltd., the company intends to contest the order and will file an appeal. Management stated that no significant impact on financial or operational performance has been observed and is currently reviewing and reconciling its records to determine the full monetary implications.
| Authority | Office of the Superintendent CGST Range - XXXVIII, Jaipur (South Central) |
|---|---|
| Nature of Action | GST demand order under section 74 of the CGST Act 2017 |
| Date of Receipt | Order-in-Original dated March 27, 2026, received on April 01, 2026 |
| Details of Violation | Alleged wrong availment of Input Tax Credit on units sold/supplied after issuance of completion certificate of Ashiana Umang Phase IV located at Jaipur. |
Nitin Sharma, Company Secretary & Compliance Officer, made the announcement.
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