TajGVK Hotels

TajGVK Hotels has announced it is facing a tax demand order amounting to Rs. 42.13 lakh, related to a mismatch in service tax abatement for the period between April 1, 2015, and June 30, 2017. This order, issued by the Office of Commissioner of Customs & Central Tax in Hyderabad, pertains to the company's hotels, including Taj Krishna, Taj Deccan, and Taj Banjara. TajGVK Hotels has stated that it is in the process of filing an appeal and reassured stakeholders that the issue would not impact the company’s day-to-day operations.

TajGVK Hotels has announced the receipt of a Rs. 42.13 lakh tax demand, including interest and penalties, following an assessment by the Office of the Commissioner of Customs & Central Tax, Hyderabad. The demand is related to discrepancies in service tax abatement availed by the company between April 1, 2015, and June 30, 2017. While the company acknowledges the order, it assures that there will be no operational impact and has already initiated the process of appealing the decision.