Goods & Service Tax (GST) 24 October 2026
Sobha Ltd Hit with ₹29.76 Crore GST Demand
Sobha Ltd has been served with a GST appeal order that requires the company to pay ₹29.76 crore in tax, along with accrued interest and penalties. The tax authority says the valuation of capital goods sold to different customers was understated, prompting the large demand.
Sobha Ltd has been issued a GST appeal order demanding ₹29.76 crore plus interest and penalties. The tax department disputes the company's valuation of capital goods supplied to different buyers.
- Tax demand: ₹29.76 crore
- Issue: alleged undervaluation of capital goods
- Potential impact: significant cash outflow and possible legal proceedings
For full details, see the original report.
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