Mahindra Holidays Receives Rs 9.78 Crore GST SCN Over ITC and GSTR-7, GSTR-8 Discrepancies for FY 2022-23:

Mahindra Holidays & Resorts India Limited has received a show cause notice (SCN) passed by the Assistant Commissioner of Commercial Taxes (Audit), Madikeri, under the Karnataka Goods and Services Tax Act, 2017.

The company had received the notice on September 01, 2026, at 5:41 p.m. via Email. The said notice has proposed an aggregate tax demand amounting to Rs 9.78 crore (tax of Rs 6.23 crore, interest of Rs 2.92 crore and penalty of Rs 62.84 lakh, included) for the Financial Year 2022-23, under the Karnataka Goods and Services Tax Act, 2017, and the Central Goods and Services Tax Act, 2017.

According to the tax department, the aforementioned demand has been proposed to the company on account of Input Tax Credit (ITC) availed in GSTR-3B, ineligible ITC availed, and tax discharged on supplies reported under GSTR7 and GSTR-8.

According to the company, the said show cause notice is not likely to have any impact on its financial, operational, and business activities. Presently, the company is looking for the appropriate legal remedies, like responding to the notice or contesting it before the appropriate appellate authority.

Mahindra Holidays & Resorts India Limited has made this disclosure to the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE), vide an Intimation dated September 02, 2026, issued in pursuance of Regulation 30 read with Schedule III of the Listing (Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations).