Awfis Space Solutions Limited — Others, 19-02-2025: Action(s) initiated or orders passed

Awfis Space Solutions Limited has announced a board meeting to discuss the provisional attachment of its operative bank accounts by the Joint Commissioner of State Tax in Mumbai. This action pertains to an alleged excess input tax credit (ITC) claim of ₹4.42 crore in GSTR-3B, exceeding the available ITC. The company has indicated that it plans to resolve the matter by reversing the excess ITC, ensuring no financial impact on its operations. Investors may view this as a positive outlook, knowing the management is proactive in addressing compliance issues without harming financial stability.