Mahindra Holidays & Resorts India Limited — Important, 18-10-2024: General Updates

Mahindra Holidays & Resorts India Limited has received a favorable Order-in-Appeal from the Joint Commissioner (Appeals), GST & Central Excise, dropping a GST demand of INR 50,89,772 and a penalty of INR 5,52,621, concluding the proceedings related to the excess availment of input tax credit for FY 2018-19. This decision positively affects the company's financials, as no payments will be owed to the GST department. Further details are available on the company’s website.