Mahindra Holidays Receives GST SCN With Rs 11.33 Crore Tax Demand Over Short Payment of Tax in Uttarakhand:

Mahindra Holidays & Resorts India Limited has received a show cause notice (SCN) from the Additional/Joint Commissioner, Central GST Audit, Commissionerate, Dehradun (GST Authority).

The notice was received by the company via email on August 25, 2026, proposing an aggregate tax demand amounting to Rs 11.33 crore and a penalty of Rs 50,000, pertaining to the Financial Years 2020-21, 2021-22, 2022-23 and 2023-24.

The demand has been raised under the provisions of the Uttarakhand Goods and Services Tax (UGST) Act, 2017, and the Central Goods and Services Tax (CGST) Act, 2017, on the ground of short payment of tax on supply of services in Uttarakhand, short payment of tax due to difference in turnover, etc.

According to the company, the present notice is not likely to have any impact on its financial, business and operational activities. The company has claimed that it will take all necessary steps to pursue all possible remedies before the appropriate authority.

Mahindra Holidays & Resorts India Limited has disclosed the aforementioned information to the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE), in pursuance of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, vide an Intimation dated August 26, 2026.