Phoenix Mills : November 30 2023 Disclosure under Regulation 30 - GST Notice for subsidiary

Corp. Office: Shree Laxmi Woolen Mills Estate, 2nd Floor,

R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011

Tel: (022) 3001 6600 Fax : (022) 3001 6601

CIN No. : L17100MH1905PLC000200

Date: November 30, 2023

To,

BSE Limited.

National Stock Exchange of India Limited.

Phiroze Jeejeebhoy Towers,

"Exchange Plaza", Bandra Kurla Complex,

Dalal Street, Fort, Mumbai - 400001

Bandra (E),Mumbai - 400051

(Security code: 503100)

(Symbol: PHOENIXLTD)

Dear Sir/Madam,

Corp. Office: Shree Laxmi Woolen Mills Estate, 2nd Floor,

R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011

Tel: (022) 3001 6600 Fax : (022) 3001 6601

CIN No. : L17100MH1905PLC000200

Annexure A

Sr.

Details

of

Events

that

Information of such events(s)

No.

need to be provided

Offbeat Developers Private Limited ("ODPL")

Vamona Developers Private Limited ("VDPL")

Graceworks Realty & Leisure Private Limited ("GRLPL")

A)

Name of the authority

Assistant Commissioner of State Tax.

Assistant Commissioner of State Tax.

Assistant Commissioner of State Tax.

Department of Goods and Service Tax

Department of Goods and Service Tax

Department of Goods and Service Tax

B)

Nature and details of the

Receipt of the show cause cum demand notice of tax liability from GST authorities

Receipt of the show cause cum demand notice of tax liability from GST authorities instructing VDPL

Receipt of the show cause cum demand notice of tax liability from GST authorities instructing

action(s) taken, initiated

instructing ODPL to pay the amount of tax as ascertained below along with amount of

to pay the amount of tax as ascertained below along with amount of interest and penalty under

GRLPL to pay the amount of tax as ascertained below along with amount of interest and penalty

or order(s) passed

interest and penalty under IGST/CGST/MGST Act for tax period April 2018 to March

IGST/CGST/MGST Act for tax period April 2018 to March 2019.

under IGST/CGST/MGST Act for tax period April 2018 to March 2019.

2019.

Act

Tax

Interest

Penalty

Total

Act

Tax

Interest

Penalty

Total

Act

Tax

Interest

Penalty

Total

Amount

Amount

Amount

Amount

Amount

Amount

Amount

Amount

Amount

Amount

Amount

Amount

in Rs.

in Rs.

in Rs.

in Rs.

in Rs.

in Rs.

in Rs.

in Rs.

in Rs.

in Rs.

in Rs.

in Rs.

IGST

3,18,555

3,02,627

3,18,555

9,39,737

CGST

37,86,372

35,97,053

37,86,372

1,11,69,797

CGST

58,51,717

55,59,131

58,51,717

1,72,62,565

CGST

1,27,46,186

1,21,08,877

1,27,46,186

3,76,01,249

SGST

37,86,372

35,97,053

37,86,372

1,11,69,797

SGST

58,51,717

55,59,131

58,51,717

1,72,62,565

SGST

1,27,46,186

1,21,08,877

1,27,46,186

3,76,01,249

Total

75,72,744

71,94,106

75,72,744

2,23,39,594

Total

1,17,03,434

1,11,18,262

1,17,03,434

3,45,25,130

Total

2,58,10,927

2,45,20,381

2,58,10,927

7,61,42,235

C)

Date of receipt of

Date of receipt of Notice - November 30, 2023

Date of receipt of Notice - November 30, 2023

Date of receipt of Notice - November 30, 2023

direction or order,

including any ad-interim

or interim orders, or any

other communication

from the authority

D)

Details

of

the

The grounds and qualification as stated by authorities are as follows:

The grounds and qualification as stated by authorities are as follows:

The grounds and qualification as stated by authorities are as follows:

violation(s)/contravention

(s) committed or alleged to

GST Liability on account of claiming of Block ITC as per section 17(5) of MGST Act for

GST Liability on account of claiming of Block ITC as per section 17(5) of MGST Act for construction

GST Liability on account of claiming of Block ITC as per section 17(5) of MGST Act for

be committed.

construction of immovable property, Gift Items, Self-consumption items, Elevators and

of immovable property, Gift Items, Self-consumption items, Elevators and their parts, Interiors

construction of immovable property, Gift Items, Self-consumption items, Elevators and their

their parts, Interiors Works, Civil Works and Repair and Maintenance.

Works, Civil Works and Repair and Maintenance.

parts, Interiors Works, Civil Works and Repair and Maintenance.

E)

Impact

on

financial,

There is no material impact on the financial position or operation of the Company due

There is no material impact on the financial position or operation of the Company due to the said

There is no material impact on the financial position or operation of the Company due to the

operation

or

other

to the said tax liability and penalty. The impact is limited to the extent of tax liability as

tax liability and penalty. The impact is limited to the extent of tax liability as ascertained along with

said tax liability and penalty. The impact is limited to the extent of tax liability as ascertained

activities

of

the

listed

ascertained along with interest and penalty as aforesaid.

interest and penalty as aforesaid.

along with interest and penalty as aforesaid.

entity,

quantifiable

in

monetary

terms

to

the

extent possible.