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Max Estates Limited ( (IN:MAXESTATES) ) has shared an update.
Max Estates Limited has disclosed that it has received an order from the Office of the Deputy Commissioner, State Tax Department, Uttar Pradesh (Noida), under Section 73(9) of the Uttar Pradesh GST and Central GST Acts, demanding goods and services tax, interest and penalty for various matters pertaining to FY 2021-22. The order raises a total tax and penalty demand of about INR 2.15 crore, which the company states does not have a material impact on its financial position, operations or other activities, and Max Estates plans to challenge the order by pursuing legal remedies, including an appeal before the relevant authorities.
More about Max Estates Limited
Max Estates Limited is an Indian listed company engaged in the real estate and property development sector, operating from corporate offices in Noida and New Delhi. Its activities focus on developing and managing premium commercial and residential projects, positioning the company within the country’s organised real estate market.
Average Trading Volume: 14,216
Technical Sentiment Signal: Buy
Current Market Cap: 73.58B INR
Learn more about MAXESTATES stock on TipRanks’ Stock Analysis page.