A subsidiary of Prestige Estates Projects Limited, Prestige Mulund Realty Private Limited, received a show cause notice on October 6, 2025, from the Directorate General of Goods & Services Tax Intelligence, Mumbai. The notice alleges non-payment or short-payment of Goods & Services Tax. The potential GST demand is ₹153.60 Crores, plus penalties and interest, which the company believes is not maintainable.
GST Notice Details
Prestige Mulund Realty Private Limited, a subsidiary of Prestige Estates Projects Limited, has received a show cause notice dated October 6, 2025. The notice was issued by the Directorate General of Goods & Services Tax Intelligence, Mumbai.
Alleged Non-Compliance
The show cause notice alleges non-payment or short-payment of Goods & Services Tax by the subsidiary. The notice specifies that Prestige Mulund Realty Private Limited must demonstrate why they shouldn’t be required to pay GST amounting to ₹153.60 Crores.
Potential Financial Implications
In addition to the GST demand of ₹153.60 Crores, the notice also includes potential penalties and applicable interest. The company is required to respond within 30 days of receiving the notice. However, based on their assessment, the company believes the demand is not maintainable and will take appropriate action.
Company’s Standpoint
Prestige Estates Projects Limited believes that the aforementioned demand is not maintainable and is currently evaluating the matter. The company does not anticipate any significant impact on its financials, operations, or other activities. They will take appropriate action in response to the show cause notice.
Source: BSE
