By laksh5382 
Max Estates Limited Facial shows notice from GST department for ₹ 2.25 crore ITC recovery. , Photo Credit: Viceda Suwanchun
real estate company Max estates limited The company has received a reason from the GST department for recovery of around ₹ 2.25 crore related to the unintentional input tax credit (ITC) claimed by the company.
In a regulatory filing on Friday, Max Estates informed that the company received the reason notice from the office of the Chief Commissioner, Central Goods and Services Tax, Audit Commissionerate, Noida.
The filing said, “The notice caused the notice that the ITC, claimed by the company related to the legal expenses incurred for the acquisition of businesses and investments in companies under the NCLT dispute, said by the filing.
The GST department has raised objections about the eligibility of ITC by the company for the financial year 2018-19 to 2022-23, which is an amount of ₹ 2.25 crore.
“The GST department has proposed to recover the amount of and 2,25,36,791 (IGST: ₹ 1,07,55,473 + CGST: ₹ 58,90,659 + sgst: ₹ 58,90,659).
Max Estates stated that the company has no physical effect on financial, operation or other activities.
“In addition, the company strongly believes that it maintains a strong legal and factual basis and the aforesaid show for any future action is fully prepared to address the notice and contest the election, whether they should be started by the authorities against the company,” said this.
Published on April 5, 2025