Mahindra Holidays & Resorts India has received a demand notice exceeding ₹17.5 crore from the GST authority.

Mahindra Holidays & Resorts India Ltd has received a GST demand order of over ₹17.5 crore from the Commercial Tax Officer in Chennai for the financial year 2020-21. The order has been issued due to discrepancies in reported turnover, reversal of input tax credits, and other related matters. The company plans to appeal the order and does not expect any significant financial impact.