Leela Palaces Hotels & Resorts Receives Order Regarding Subsidiary
Leela Palaces Hotels & Resorts Limited announced that Tulsi Palace Resort Private Limited, a material subsidiary, received an order from the Office of the Assistant Commissioner, Central Goods and Services Tax Division, Jaipur East, on March 30, 2026.The order, passed under Section 74 of the CGST Act, 2017, confirms a demand of INR 39,07,974, along with interest and penalty. The order alleges wrongful reduction of output tax liability through incorrect reporting of credit notes.
According to the company, there is no material impact on its financial, operational, or other activities. Tulsi Palace Resort Private Limited is evaluating legal remedies and intends to file an appeal against the order.
| Particulars | Details |
|---|---|
| Authority Name | Office of the Assistant Commissioner, Central Goods and Services Tax Division, Jaipur East. |
| Order Details | Confirmation of demand of INR 39,07,974 along with interest and penalty |
| Date of Order | March 30, 2026 |
| Alleged Violation | Incorrect reporting of credit notes |
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.