08-Oct-2026 13:11:58

MAXESTATES : GETS GST SHOW CAUSE NOTICE FOR RS 2.59 CR DEMAND

• Received show cause notice in form GST DRC-01 dated September 26, 2026 from Deputy Commissioner, State Tax, Sector-3, Gautam Buddha Nagar, UP • Proposed demand aggregates ₹2.59 Cr — tax ₹1.35 Cr, interest ₹97.25 L and penalty ₹26.65 L for FY23 • Notice relates to Max Ventures and Industries Ltd, merged into the company effective July 31, 2023 (appointed date April 1, 2022) • Dispute primarily on GST return and reconciliation matters, including annual return differences, input tax credit reconciliations and credit note details • Matter is at show cause notice stage; no final demand or order passed, company to file reply • No impact on operations or other activities of the company at this stage

Max Estates Limited

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