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Max Estates Limited ( (IN:MAXESTATES) ) just unveiled an announcement.
Max Estates Limited has received a show cause notice from the Central Goods and Services Tax Department concerning inadmissible Input Tax Credit (ITC) claims related to legal expenses for business acquisitions and investments. The disputed ITC amounts to INR 2,25,36,791, and while the GST Department seeks recovery, the company asserts that there will be no material impact on its financial or operational activities. Max Estates is prepared to contest the notice and will keep stakeholders informed of any significant developments.
More about Max Estates Limited
Max Estates Limited operates in the real estate industry, focusing on the development and management of commercial and residential properties. The company is known for its high-quality construction and innovative design, primarily targeting urban areas in India.
YTD Price Performance: -29.17%
Average Trading Volume: 12,266
Current Market Cap: 64.03B INR
For detailed information about MAXESTATES stock, go to TipRanks’ Stock Analysis page.