Mahindra Holidays & Resorts India informs about disclosure

18 Dec 2021 Evaluate
Mahindra Holidays & Resorts India has informed that the Company has taken note of Order in Original received from the Principal Commissioner of CGST and Central Excise for the period from financial year 2013-14 to June 2017. A summary of the above Order along with the course of action proposed to be undertaken by the Company is provided as Annexure to this intimation. The Management has reviewed the abovementioned Order in detail along with its legal advisors and is fully confident of defending its legal position, as the basis used for computation of the service tax demand is erroneous in fact and law. Further, the authorities have incorrectly interpreted the financial statements to determine the service tax demand. Based on the above, the Company will pursue various legal remedies available before relevant authorities against the abovementioned order. The aforesaid information will also be disclosed on the website of the Company at www.clubmahindra.com.

The above information is a part of company’s filings submitted to BSE.

Mahindra Holi.&Resor Share Price

380.20 5.70 (1.52%)
31-Oct-2024 16:01 View Price Chart
Peers
Company Name CMP
Indian Hotel 675.70
EIH 363.20
Chalet Hotels 870.00
Mahindra Holi.&Resor 380.20
Lemon Tree Hotels 117.95
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.