Max Estates receives a GST show cause notice proposing a ₹2.59 crore demand, linked to the merged Max Ventures
- Legal
- Real Estate
Max Estates Limited has told the exchanges on 8 Oct 2026 that it has received a show cause notice in form GST DRC-01 dated 26 Sep 2026 from the Deputy Commissioner, State Tax, Sector-3, Gautam Buddha Nagar, Uttar Pradesh, for FY23. The notice relates to Max Ventures and Industries Limited, which merged into the company with effect from 31 Jul 2023.
The notice proposes a demand of tax, interest and penalty aggregating ₹2.59 crore, mainly over GST return and reconciliation matters. The company says it is at the show cause stage, no final order has been passed, it is reviewing the matter and will file a reply, and there is no impact on operations at this stage.
Inference
A show cause notice is a proposal and not a final demand, so the amount may change after the company replies. The ₹2.59 crore is the upper end of the exposure described in the filing.
Reference: Original filing (PDF)
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