Aditya Birla Real Estate Limited has disclosed receiving an Order from the Additional Commissioner (CGST & C. Ex.) demanding additional GST liability, interest, and penalty. The total demand, related to the FY2019-20 period, amounts to ₹47,92,830 (₹23,96,415 tax + penalty, plus interest). The company intends to contest this demand by filing an appeal, stating that the order is not expected to materially impact its operations or financials.
Disclosure of Regulatory Order
Pursuant to disclosure requirements, Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited) has informed the stock exchanges regarding an Order received from the tax authorities. The Order, dated 17th March, 2026, was received by the Company on 23rd March, 2026, from the Additional Commissioner (CGST & C. Ex.), Mumbai Central.
Details of the Financial Demand
The Order confirms a demand for additional GST liability, interest, and penalty concerning Input Tax Credit (ITC) availed by the Company during the financial year FY2019-20. The total demand structure is as follows:
- Tax Amount Confirmed: ₹23,96,415/- (comprising ₹11,98,208/- CGST and ₹11,98,208/- SGST).
- Interest and Penalty: An additional amount equal to the tax amount (₹23,96,415/-) has been demanded as interest and penalty.
- Total Demand Value: The aggregate demand value involving tax, interest, and penalty is ₹47,92,830/-.
Company Response and Expected Impact
The Company has confirmed its intention to challenge this finding. The management plans on contesting the additional demand by filing an appeal with the appropriate appellate authority. Management explicitly stated that they do not expect the said Order to have any material impact on the financial, operational, or other activities of the Company.
Source: BSE
