Phoenix Mills : May 31 2024 Intimation of GST Notice to Subsidiaries

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

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

Tel: [phone] Fax : [phone]

CIN No. : L17100MH1905PLC000200

Date: May 31, 2024
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,

Sub: - Intimation under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30(6) read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ("Listing Regulations"), we wish to inform you that subsidiaries of the Company viz. Palladium Constructions Private Limited ("PCPL"), Island Star Mall Developers Private Limited ("ISMDPL") and Classic Mall Development Company Limited ("CMDCL") have received show cause notice(s), from the GST authorities for payment of tax liability along with the applicable interest and penalty for the tax period April 2019 to March 2020.

PCPL, ISMDPL and CMDPL shall be representing the matter in the personal hearing before the GST authorities and intend to contest the matter at an appropriate forum.

The details of the above notice as required under Clause 20 of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are given in Annexure A to this letter.

The aforesaid information is also being uploaded on the Company's website at https://www.thephoenixmills.com/investors/FY2025/Exchange-Intimations.

We request you to take the above information on record.

Thanking You,

Yours Faithfully,

For The Phoenix Mills Limited

GAJENDRA Digitally signed by

GAJENDRA MEWARA

MEWARA Date: 2024.05.31 17:11:00 +05'30'

______________________

Gajendra Mewara

Company Secretary

Membership No. A22941

Regd. Office : The Phoenix Mills Ltd., 462 Senapati Bapat Marg, Lower Parel, Mumbai 400 013. Tel : [phone] / 8 / 9

Fax : [phone] E-mail : [e-mail] www.thephoenixmills.com

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

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

Tel: [phone] Fax : [phone]

CIN No. : L17100MH1905PLC000200

Annexure A

Sr.

Details of Events that need to be

Information of such event(s)

No.

provided

Palladium Constructions Private Limited ("PCPL")

Island Star Mall Developers Private Limited ("ISMDPL")

Classic Mall Development Company Limited ("CMDCL")

a)

Name of the authority

Joint Commissioner

Deputy Commissioner

Office of the Assistant Commissioner

Department of Goods and Service Tax (Govt. of Uttar Pradesh)

Department of Goods and Service Tax (Government of Karnataka)

Department of Goods and Service Tax (Government of Tamil Nadu)

b)

Nature and details of the action(s) taken,

Receipt of the show cause notice under Section 73 of GST Act from

Receipt of the show cause notice under Section 73 of GST Act from GST

Receipt of the show cause notice under Section 73 of GST Act from GST

initiated or order(s) passed

GST authorities instructing Palladium Constructions Private

authorities instructing Island Star Mall Developers Private Limited

authorities instructing Classic Mall Development Company Limited

Limited ("PCPL") to pay the amount of tax as ascertained below

("ISMDPL") to pay the amount of tax as ascertained below along with

("CMDCL") to pay the amount of tax as ascertained below along with

along with amount of penalty for the period April 2019 to March

amount of applicable interest and penalty for the period April 2019 to

amount of penalty for the period April 2019 to March 2020.

2020.

March 2020.

Act

Tax

Penalty

Total

Act

Tax

Interest

Penalty

Total

Act

Tax

Penalty

Total

Amount

Amount

Amount

in Rs.

in Rs.

in Rs.

Amount

Amount

Amount

Amount

Amount

Amount

Amount

in Rs.

in Rs.

in Rs.

in Rs.

in Rs.

in Rs.

in Rs.

IGST

16,565

10,000

10,000

IGST

1,074

10,000

11,074

IGST

-

-

-

-

CGST

5,81,11,521

58,11,152

6,39,22,673

SGST

5,81,11,521

58,11,152

6,39,22,673

CGST

61,50,137

6,15,014

67,65,151

CGST

2,87,51,441

2,11,32,310

28,75,144

5,27,58,895

SGST

61,50,137

6,15,014

67,65,151

Total

11,62,39,607

1,16,32,304

12,78,55,346

SGST

2,87,51,441

2,11,32,310

28,75,144

5,27,58,895

CESS

75,233

10,000

85,233

Total

5,75,02,882

4,22,64,620

57,50,288

10,55,17,790

Total

1,23,76,581

12,50,028

1,36,26,609

c)

Date of receipt of direction or order,

Notice dated May 30, 2024, was received by way of an email

Notice dated May 31, 2024, was received by way of an email intimation

Notice dated May 31, 2024, was received by way of an email intimation at

including any ad-interim or interim

intimation at 05.44 p.m. (IST).

at 03.04 p.m. (IST).

12.48 p.m. (IST).

orders, or any other communication from

the authority

d)

Details

of

the

The grounds and qualification as stated by authorities are as

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

follows:

or alleged to be committed.

∙

∙ In-eligible and blocked Input Tax Credit claimed.

∙

GST levied on exempted and Non-GST supply.

GST liability on account of Mismatches between GSTR-3B

∙ Outwards Supply Reconciliation.

∙

Availment of excess Input Tax Credit.

∙

and GSTR2A.

∙

In-eligible and blocked Input Tax Credit claimed.

In-eligible and blocked Input Tax Credit claimed.

∙

Input Tax Credit claimed on Capital Goods.

∙

GST leviable on advance received from customers.

∙

Reversal of Input Tax Credit under rule 42.

∙

GST on Reverse charge mechanism.

∙

GST leviable on advance from customers.

e)

Impact on financial, operation or other

There is no material impact on the financial position or operation

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

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

activities of the listed entity, quantifiable

of the Company due to the said tax liability and penalty. The

Company due to the said tax liability, interest and penalty. The impact is

Company due to the said tax liability and penalty. The impact is limited to

in monetary terms to the extent possible.

impact is limited to the extent of tax liability as ascertained along

limited to the extent of tax liability as ascertained along with interest and

the extent of tax liability as ascertained along with penalty as aforesaid on the

with penalty as aforesaid on the subsidiary of the Company.

penalty as aforesaid on the subsidiary of the Company.

subsidiary of the Company.

Regd. Office : The Phoenix Mills Ltd., 462 Senapati Bapat Marg, Lower Parel, Mumbai 400 013. Tel : [phone] / 8 / 9

Fax : [phone] E-mail : [e-mail] www.thephoenixmills.com