Chalet Hotels Limited Receives Order from GST Department
Chalet Hotels Limited announced that it received an order from the GST Department - Maharashtra State on March 30, 2026. The order, issued under section 74 of the Goods and Services Tax Act 2017, relates to a mismatch in Input Tax Credit and block Input Tax Credit for the fiscal year 2019-20.The total financial impact of the order comprises a Tax Demand of Rs. 33.07 million, interest of Rs. 40.88 million, and a penalty of Rs. 33.07 million.
The company stated that it believes the order is contestable and intends to pursue legal recourse. Chalet Hotels Limited confirmed that its business operations remain unaffected.
Details of the order, as provided by the GST Department, are summarized below:
| Details | Maharashtra State |
|---|---|
| Name of the Authority | Deputy Commissioner of State Tax, (MUM- NOD-E-0203) Nariman Point_501, Nodal Division-2, Mumbai |
| Nature and details of the action(s) taken, initiated or order(s) passed | Order passed under section 74 of the Goods and Services Tax Act 2017 for Maharashtra State with respect to mismatch in Input Tax Credit claimed and ITC reversal on account of ineligible/block ITC claimed comprising of a Tax Demand of Rs.33.07 million, interest of Rs.40.88 million and penalty of Rs.33.07 million. |
| Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the Authority | March 30, 2026 |
| Details of the violation(s)/contravention(s) committed or alleged to be committed | Mismatch in Input Tax Credit claimed and ITC reversal on account of ineligible/block ITC claimed |
| Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | There is no significant financial impact and the business operations of the Company continue as usual and are not impacted |
Source:
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.