Ansal Housing Limited has received a GST demand order of ₹1.83 crores from tax authorities, the company disclosed in a regulatory filing on January 9, 2026. The order was issued by the Assistant Commissioner of Central Goods & Services Tax Division-III, Ghaziabad, and received by the company on January 8, 2026.

GST Demand Details

The demand order pertains to alleged excess input tax credit (ITC) availed during the financial year 2018-19. The specific amount demanded is ₹1,82,96,768 under Section 74 of the CGST Act, 2017 read with Section 20 of the IGST Act, 2017.

Nature of Alleged Violation

According to the GST authorities, Ansal Housing Limited made both taxable and exempt supplies during FY 2018-19 but allegedly failed to reverse the proportionate input tax credit as mandated under Section 17 of the CGST Act, 2017 read with Rule 42 of the CGST Rules, 2017.

The key allegations include:

• Non-reversal of proportionate input tax credit for mixed supplies
• Excess availment of input tax credit
• Short payment of tax due to the alleged non-compliance
• Violation attracting proceedings under Section 74(1) of the CGST Act, 2017

Company's Response and Impact Assessment

Ansal Housing Limited has stated that there is no material impact on its financial, operational, or other activities due to this order. The company has examined the received order and is currently in the process of filing an appeal against the GST demand.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with sub-para 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details as mandated under the SEBI Master Circular dated November 11, 2024.

This development represents a regulatory challenge for the real estate company, though management has indicated confidence in their position by deciding to contest the order through the appellate process. The final resolution will depend on the outcome of the appeal proceedings.

Ansal Housing & Construction has disclosed a default on its financial obligations to Suraksha Asset Reconstruction Private Limited. The company failed to make a principal repayment of Rs 39.50 crores, which was due on November 30, 2025.

Default Details

The default relates to a project funding facility with specific terms and conditions:

Updated Financial Position

The company's latest disclosure reveals updated financial metrics that highlight its debt burden:

Regulatory Compliance

Ansal Housing Limited made this disclosure in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The disclosure was filed on December 31, 2025, through the company's Compliance Officer, Shalini Talwar.

Financial Implications

The default represents a significant portion of the total project funding facility and raises concerns about the company's ability to service its debt obligations. With total financial indebtedness of Rs 239.62 crores, the company faces substantial financial challenges that may impact its operations and future borrowing capacity.

The secured nature of the defaulted loan means that Suraksha Asset Reconstruction Private Limited, acting as Trustee of Suraksha ARC-034 Trust, has recourse to underlying assets. This default may trigger additional scrutiny from other lenders and potentially affect the company's credit rating and access to future financing.