Awfis Space Solutions Limited has submitted details regarding a Show Cause Notice received from the Commercial Tax Officer in Chennai. The notice pertains to discrepancies in filed returns for FY 2022-23, with an approximate demand of INR 7.10 Crores. The company is examining the notice and seeking clarification from the GST authority regarding identified calculation errors and discrepancies before the submission of its reply.
Commercial Tax Notice Received
Awfis Space Solutions Limited has officially disclosed the receipt of a Show Cause Notice (SCN) from the Commercial Tax Officer, Nungabakkam, Chennai. The notice, dated May 23, 2026, was received on May 25, 2026, and is in Form DRC-01. It raises concerns regarding alleged discrepancies in the company’s filed return statement for the Financial Year 2022-23.
Company’s Response and Action Plan
The company is currently undertaking a thorough examination of the SCN. Awfis Space Solutions intends to submit its reply within the stipulated timeframe and does not currently anticipate any significant impact on its financials, operations, or other business activities. A preliminary review of the notice has identified an apparent discrepancy, including a material calculation error in the demand amount specified.
Seeking Clarification on Discrepancies
To ensure an accurate and complete disclosure, Awfis Space Solutions, through its consultant, is actively seeking clarification from the concerned GST authority regarding the identified discrepancies and potential calculation errors. This clarification process is currently pending.
Quantum of Claimed Demand
As per the calculations detailed in the SCN, the claimed demand amounts to approximately INR 7.10 Crores, which also includes potential interest and penalty charges. The company is pursuing clarification from the GST authority to ascertain the precise nature and validity of these claims.
Information Availability
Further details regarding this disclosure are available on the company’s website at https://www.awfis.com/investor-relations/initial-public-offer/compnayAnnouncement.
Source: BSE
