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Godrej Properties to challenge ₹4831cr GST Demand
Oct 14, 2023
Godrej Properties, a prominent real estate developer, is set to challenge a recent Goods and Services Tax (GST) demand of ₹4,831cr, as ordered by the Additional Commissioner of CGST & C. Ex. in Navi Mumbai.
The demand is related to alleged non-payment of GST for a project in Mumbai, which is under the banner of Godrej Realty and Properties Management Pvt. Ltd. (GRMPL). The company plans to contest the order through the appropriate legal channels and anticipates a favorable outcome. According to Godrej Properties, this development is not expected to have a significant financial or operational impact.
The company remains confident in its position and the existing legal framework regarding the matter.
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