Mahindra Holidays receives GST demand notice of Rs 16.77 crore related to alleged excess ITC utilisation in FY20.

Indian hospitality firm Mahindra Holidays & Resorts India has received a GST demand notice of Rs 16.77 crore ($2.1m) including a penalty from Tamil Nadu tax authorities, related to alleged excess utilisation of input tax credit (ITC) in the financial year 2019-20 under the TN GST Act 2017 and CGST Act 2017. The company plans to take legal steps and expects no significant financial impact.

August 14, 2024
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