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Lemon Tree Hotels Faces Tax Demand from GST Authority

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Lemon Tree Hotels Faces Tax Demand from GST Authority

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The latest update is out from Lemon Tree Hotels Ltd. ( (IN:LEMONTREE) ).

Lemon Tree Hotels Limited has received an order from the Office of the Principal Commissioner of Central Goods & Service Tax, Delhi South Commissionerate, demanding a total tax, interest, and penalty amounting to Rs 64,41,819/- for the period from July 2012 to June 2017. This order pertains to a short payment of service tax on the abated value of service charges collected from customers. The company states that there is no material impact on its financial operations, except for the specified amount, and it is in the process of filing an appeal against the order.

More about Lemon Tree Hotels Ltd.

Lemon Tree Hotels Limited operates in the hospitality industry, offering a range of hotel services and accommodations across India. The company focuses on providing mid-scale and upscale hotel experiences, catering to both business and leisure travelers.

Average Trading Volume: 169,807

Technical Sentiment Signal: Strong Buy

Current Market Cap: 119.1B INR

Learn more about LEMONTREE stock on TipRanks’ Stock Analysis page.

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