India, April 29 -- IPO-bound consumer services unicorn Urban Company is facing demand notices from GST departments in various states worth INR 51.25 Cr
As per the company's draft red herring prospectus filed with markets regulator SEBI yesterday, it has received showcause notices from the GST departments of Haryana, Maharashtra and Tamil Nadu.
Here are the GST demand notices against the company which are under dispute:
Urban Company received demand orders of INR 20.4 Cr from the Haryana GST department for non-payment of GST linked to an expanded definition of housekeeping services and mismatches in GSTR2A (Electronic Input Tax Credit Ledger) and actual input tax credit availed by it for the year 2018-19.
The company received a demand ...
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