Sobha Limited has received an order from the Commissioner (Appeals) of Central Tax, Central Excise, and Revenue, Kochi. The order pertains to a GST appeal filed against the company, resulting in a tax demand of ₹297.59 million, plus applicable interest and penalty. The company intends to file an appeal before the GSTAT, stating it has strong legal and factual grounds to contest the decision.
Tax Order Issued Against Sobha
Sobha Limited announced on October 23, 2026, that it has received an order from the Commissioner (Appeals) of Central Tax, Central Excise, and Revenue, Kochi. This order relates to a GST appeal initiated by the Assistant Commissioner, Central Tax & Central Excise, Thrissur, against a prior ruling in Sobha’s favour.
Financial Implications and Appeal Plans
The core issue in the order involves the valuation of capital goods supplied to distinct persons. Consequently, Sobha faces a tax demand amounting to ₹297.59 million, in addition to applicable interest and penalties. The company has stated that the payment is due within 90 days from the receipt of the order.
Sobha Limited has indicated that it is currently evaluating the implications of this order on its financial statements. The company plans to file an appeal before the GSTAT within the prescribed timelines. Sobha asserts that it possesses robust legal and factual grounds to support its case and expects no impact on its ongoing operations or other business activities.
Source: BSE
