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Prestige Estates Projects Limited ( (IN:PRESTIGE) ) has shared an update.
Prestige Estates Projects Limited announced that its subsidiary, Prestige Mulund Realty Private Limited, has received a show cause notice from the Directorate General of Goods & Services Tax Intelligence, Mumbai. The notice alleges non-payment or short-payment of Goods & Services Tax amounting to Rs. 153.60 Crores, along with penalties and interest. The company is required to respond within 30 days, but it believes the demand is not maintainable and does not anticipate any significant impact on its financials or operations.
More about Prestige Estates Projects Limited
Prestige Estates Projects Limited operates in the real estate industry, focusing on the development of residential, commercial, retail, and hospitality projects. The company is known for its comprehensive range of real estate services and has a significant market presence in India.
Average Trading Volume: 20,735
Technical Sentiment Signal: Buy
Current Market Cap: 660.1B INR
Find detailed analytics on PRESTIGE stock on TipRanks’ Stock Analysis page.