Alyssum Developers Private Limited has received an intimation of tax liability under Section 73 of the Goods and Services Tax Act from the GST authorities for payment of tax liability along with the applicable interest, late filing fee and penalty for the tax period April 2020 to March 2021 (Financial Year 2020-21), according to an exchange filing.
Assistant Commissioner of State Tax Department of Goods and Services Tax (Government of Maharashtra), issued notice on the grounds of: Excess ITC claimed as compared to GSTR 2A and GSTR 3B; Excess and ineligible ITC claimed; Reverse Charge Mechanism liability to be paid in cash and Late filing of GSTR 1 and GSTR 3B.
| Act | Tax | Interest | Penalty | Late Filing Fees | Total |
| Amount | Amount | Amount | Amount | Amount | |
| CGST | ₹ 24,77,895 | ₹ 21,56,033 | ₹2,47,790 | ₹1,060 | ₹48,82,778 |
| SGST | ₹ 24,77,895 | ₹ 21,56,033 | ₹2,47,790 | ₹1,060 | ₹48,82,778 |
| IGST | ₹ 10,49,593 | ₹ 9,13,146 | ₹2,09,919 | ₹0 | ₹21,72,658 |
| Total | ₹ 60,05,383 | ₹ 52,25, 212 | ₹ 7,05,499 | ₹2,120 | ₹1,19, 38, 214 |
ADPL is likely to contest the matter before the GST authorities.
The disclosure was made under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
