Mahindra Holidays receives ₹363 crore GST demand notice over club membership tax reporting
Mahindra Holidays
& Resorts India Ltd on Sunday said it has received a tax demand notice of over Rs 363 crore including penalty, related to reporting of integrated goods and services tax (IGST) on its club membership services.
The company in a regulatory filing informed that it is taking appropriate steps to pursue legal remedies before the appropriate authority in this regard.
The show cause notice, dated June 28, 2025, was issued by the State Tax Officer, Anna Salai Central III, Chennai, Tamil Nadu.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Play War Thunder now for free
War Thunder
Play Now
"The Company has received a demand Show Cause Notice from the Authority for FY 2018-19 demanding Rs 363,07,96,980 (tax of Rs 181,53,98,490 and penalty of Rs 181,53,98,490) under applicable provisions of TNGST Act, 2017 & CGST Act, 2017 on account of reporting of IGST on club membership services instead of CGST and SGST and sudden decrease of IGST payment since August," Mahindra Holidays stated.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
23 minutes ago
- Time of India
Taurus Daily Horoscope Today, June 30, 2025: Let grateful choices shape the day
The energy today supports slow, thoughtful decisions. There may be many options, but clarity will come when you pause and ask: 'What am I thankful for?' Let gratitude lead instead of fear. Someone may offer you support or encouragement—accept it with grace. This is not a day for rushing. Everything will unfold with more ease when you choose from the heart, not from habit. Taurus Love Horoscope Today Love feels soft and warm today, if you allow your heart to slow down. Sometimes we search so much for what's next that we forget the joy already present. If you're in a relationship, reflect on your partner's small gestures—they carry deep meaning. If single, this is a good time to love yourself out loud. Gratitude in love makes the heart more open, and openness attracts more beauty. Taurus Career Horoscope Today Career moves today are best done slowly and from a place of grounded appreciation. Instead of seeking big changes, look for small wins in your current space. Colleagues may respond positively to your patience and steady presence. If you're feeling unsure, take a quiet moment to count what you've already achieved—it will remind you of your worth. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo You don't need to chase success today. You only need to build on what is already strong. Be proud of your steady journey. Taurus Money Horoscope Today Financial matters benefit today from appreciation, not worry. Focus on how far you've come, even if the numbers aren't perfect yet. Avoid comparing yourself to others—it only causes confusion. A humble gratitude for what you have can help you manage what you spend. You may receive an unexpected discount, deal, or advice—say thank you and use it wisely. This is not a day for greed but for balance. What you appreciate, appreciates. Let that truth guide your financial steps. Taurus Health Horoscope Today Your body responds well today to peace and stillness. A slow morning or a warm meal can work better than any quick remedy. If you've been pushing yourself too hard, your system may now ask for a softer approach. Headaches, tired eyes, or neck stiffness may show up as signs. Listen. Do less today, but do it with full attention. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
Time of India
23 minutes ago
- Time of India
LDA: Clear dues or loseproperty
Lucknow: The Lucknow Development Authority (LDA) has warned 100 flat and plot allottees to clear long-pending dues or face cancellation of property allocations. The LDA has compiled a final list of such defaulters. If they do not clear their dues, their registration fees will be forfeited and their allotments cancelled. Many of these individuals were allotted flats nearly 27 years ago but never paid the full amount or took possession. Their total outstanding dues amount to about Rs 100 crore. Notices have been issued, and if payments are not made, the LDA will cancel their allotments. According to LDA official Devansh Trivedi, the schemes with the highest number of defaulters are in Gomtinagar Extension, Kursi Road, Kanpur Road, and Sitapur Road. VC Prathamesh Kumar found most defaulters belong to affordable housing schemes. TNN
Time of India
23 minutes ago
- Time of India
Biz class felt most insecureduring SP govt, says Khanna
Lucknow: Uttar Pradesh finance minister Suresh Khanna launched a sharp attack on Akhilesh Yadav , calling the SP chief's allegations that business class was facing "socio-economic emergency" as baseless and asserted that the business community was most insecure under the Samajwadi Party govt. MLAs Neeraj Bora and Rajeshwar Singh supported Khanna's remarks and added that the Yogi govt had ended the era of "recovery brothers". "Yogi-led double engine govt has made UP mafia-free and business-friendly. The very business community Akhilesh Yadav speaks of today felt most threatened and insecure during the SP govt (2012-2017). Extortion, hooliganism, and commission-taking were central to the functioning of the SP govt, which operated on a model of "one district, one recovery brother" to fill party's coffers through trader exploitation," Khanna said. Khanna said that under the current double engine govt, the business community was actively contributing to the state's development by benefiting from transparent policies. He added that the double engine govt had effectively imposed an "emergency" on those who indulged in extortion and hooliganism during SP govt. "No new tax has been imposed in Uttar Pradesh in the last eight years. Diesel-petrol rates are the lowest in the country, and the state is moving towards prosperity by becoming a revenue surplus state," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo MLA Neeraj Bora criticised Akhilesh for aligning with those who once imposed the Emergency, adding that in today's mafia-free UP, extortion was no longer possible. MLA Rajeshwar Singh said under the SP govt, UP saw over 25,000 murders and 76,500 crimes daily, forcing traders to flee amid rampant extortion and fear. "Zero-tolerance policy against crime led to action against over 70,000 criminals," he said.
