The Phoenix Mills Limited informed that its subsidiary Graceworks Realty & Leisure Private Limited (GRLPL) has received a Demand Order under Section 73 of the GST Act from the Deputy Commissioner of State Tax Department of Goods and Service Tax (Government of Maharashtra). The Demand Order, dated July 2, 2024, was received by GRLPL on July 4, 2024. The order mandates GRLPL to pay a total amount of INR 7,63,073, comprising INR 3,14,912 as CGST and SGST tax amounts, INR 3,96,789 as interest, and INR 51,372 as penalty.

The notice specifies the period from April 2019 to March 2020 and cites grounds related to non-compliance, although specific details on the nature of non-compliance were not detailed in the provided summary.