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Prestige Estates Projects Limited ( (IN:PRESTIGE) ) has issued an update.
Prestige Estates Projects Limited has announced that its subsidiary, Prestige Office Ventures, received a show cause notice from the Directorate General of Goods & Services Tax Intelligence, Hyderabad. The notice alleges non-payment or short-payment of Goods & Services Tax and non-reversal of Input Tax Credit for the period from February 2020 to March 2024, amounting to Rs. 160.82 Crores. Despite this, the company believes the demand is not maintainable and does not expect any significant impact on its financials or operations.
More about Prestige Estates Projects Limited
Prestige Estates Projects Limited is a prominent player in the real estate industry, primarily focusing on the development of residential, commercial, retail, and hospitality properties. The company is known for its extensive portfolio and market presence, particularly in the southern regions of India.
Average Trading Volume: 26,061
Technical Sentiment Signal: Strong Buy
Current Market Cap: 680.8B INR
For detailed information about PRESTIGE stock, go to TipRanks’ Stock Analysis page.