Awfis Space Solutions Receives Show Cause Notice Over Tax Discrepancies for FY 2022-23
Awfis Space Solutions Ltd has received a Show Cause Notice (SCN) concerning discrepancies identified in its filed return statement for the fiscal year 2022-23. The notice was issued by the Commercial Tax Officer, Nungabakkam, Central-III, Chennai Central, Tamil Nadu.The company received the SCN, dated May 23, 2026, on May 25, 2026. The notice pertains to various discrepancies in the tax filings for the specified financial year.
In response to the notice, the company conducted a thorough review and identified apparent discrepancies, including a material calculation error in the demand amount specified. Awfis Space Solutions stated that it is in the process of seeking clarification from the concerned GST authority to ensure an accurate and complete disclosure.
The SCN proposes a tax demand of approximately INR 7.10 Crores, which includes interest and penalty, based on the apparent discrepancies identified in the calculations.
The company provided details regarding the tax notice and its financial implications in the following summary:
| Particulars | Details |
|---|---|
| Issuing Authority | Commercial Tax Officer, Nungabakkam, Central-III, Chennai Central, Tamil Nadu |
| Notice Date | May 23, 2026 |
| Notice Received | May 25, 2026 |
| Subject Matter | Various discrepancies in filed return statement of FY 2022-23 |
| Quantum of Claim (Approx.) | INR 7.10 Crores (along with interest and penalty) |
| Company Assessment of Impact | The company does not envisage any relevant impact on the financials, operations or other activities of the Company. |
AWFIS Stock Price Movement
Shares of Awfis Space Solutions Limited slipped by 0.02% today, settling at ₹317.15 in post-market trading. The equity traded on a volume of 265,599 shares, charting a day range between ₹312 and ₹325.95.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.
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