Airplaza Retail Holdings Private Limited, a subsidiary of Vishal Mega Mart, has received an order from the CGST Delhi South Commissionerate. The order, issued under Section 73 of the CGST Act, 2017, alleges excess Input Tax Credit availed/utilized. The tax demand is Rs. 16,31,259/-, with a penalty of Rs. 1,63,126/-. The subsidiary is currently reviewing the order.
CGST Order Details
Airplaza Retail Holdings Private Limited, a subsidiary of Vishal Mega Mart, received an order from the CGST Delhi South Commissionerate on December 29, 2025. The order pertains to the Financial Year 2021-22.
Alleged Violation
The order, passed under Section 73 of the CGST Act, 2017, alleges that Airplaza Retail Holdings Private Limited availed/utilized excess Input Tax Credit. The total demand, inclusive of penalty, amounts to Rs. 17,94,385/-.
Financial Impact and Next Steps
The order specifies a tax demand of Rs. 16,31,259/- and a penalty of Rs. 1,63,126/-. The financial impact is limited to the tax demand and penalty imposed. Vishal Mega Mart states that the subsidiary is reviewing the order and evaluating the appropriate next steps. According to the announcement, the order does not have any material impact on operations or other activities of the company.
Source: BSE
