Urban Company to appeal against Rs 56 crore GST demand, penalty

Urban Company has received a Goods and Services Tax (GST) demand of Rs 51.30 crore ($6.2 million) in tax, along with a penalty of Rs 5.13 crore, the company disclosed in a stock exchange filing on Saturday. The tax demand pertains to the period between April 2021 and March 2025.

Urban Company said it will file an appeal against the order before the appropriate authority based on opinions from external legal and tax advisers. The company added that the order will not impact its financial, operational, or other activities.

The order was passed by the…