Ashiana Housing Limited — Others, 10-12-2024: Action(s) taken or orders passed

Ashiana Housing has disclosed that the Directorate General of GST Intelligence conducted a search at its Treehouse Hotel unit in Bhiwadi, examining compliance under the CGST Act. The search revealed an inadvertent error in the GST rate applied to restaurant billing, leading the company to proactively make an interim payment of ₹1.5 crore. As Ashiana undertakes a comprehensive review of its records, there is currently no significant impact on its financial or operational performance. Investors may view this as a cautious but responsible approach to compliance, showing a commitment to resolving potential liabilities without major disruptions.