Awfis Space Solutions reduces GST demand to INR 1.61 lakh
Awfis Space Solutions Ltd received an order from the Deputy Commissioner of State Tax, Mazgaon, Mumbai, on June 17, 2026, reducing its GST demand for FY 2019-20 to INR 1,61,833. The company had previously faced demands of INR 20.20 million, INR 19.67 million, and INR 19.80 million. It has deposited INR 1,07,556 and will pay the remaining INR 54,277.
*this image is generated using AI for illustrative purposes only.
Awfis Space Solutions Ltd has successfully reduced its Goods and Services Tax (GST) demand for the financial year 2019-20 to INR 1,61,833 following an appellate order received on June 17, 2026. The order, issued by the Deputy Commissioner of State Tax, Mazgaon, Mumbai, significantly lowered the liability from the previously contested demand of INR 19.80 million. The company has already deposited INR 1,07,556 through the electronic cash ledger while filing the appeal, leaving a remaining balance of INR 54,277 to be paid in due course.
The dispute originated with an audit notice dated January 16, 2023, seeking records for FY 2019-20. Subsequent proceedings saw the tax authority raise a demand of INR 20.20 million via an observation notice in April 2024. This figure was later revised to INR 19.67 million and then updated to INR 19.80 million in May 2024. The company filed an appeal against the order dated May 21, 2024, under section 73 of the Central Goods and Service Tax Act, 2017, and the Maharashtra Goods and Service Tax Act, 2017.
Timeline of GST Proceedings
| Date | Event | Amount Involved |
|---|---|---|
| January 16, 2023 | Audit notice (GST ADT-01) received | - |
| April 18, 2024 | Audit observation notice (GST ADT-02) issued | INR 20.20 million |
| May 7, 2024 | Intimation of tax ascertained (GST DRC-01A) | INR 19.67 million |
| May 21, 2024 | Updated demand notice (GST DRC-01) issued | INR 19.80 million |
| June 17, 2026 | Order received on appeal filed by company | INR 1,61,833 |
The disclosure was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Awfis Space Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.11% | +5.33% | -5.63% | -40.15% | -54.04% | -27.90% |
Will this favorable appellate order set a precedent for resolving the company's pending tax disputes for other financial years?
How will the significant reduction in GST liability impact Awfis's cash flow allocation for capital expenditure in the upcoming fiscal year?
Does this resolution signal a shift in the regulatory environment regarding the interpretation of GST laws for co-working space providers?
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