Phoenix Mills : April 30 2024 Disclosure under Regulation 30 - GST Notice

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: April 30, 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 the Company has received a demand order under Section 73 of CGST/MGST Act, 2017 from the Deputy Commissioner of State Tax, E-629,LTU-3, Mazgaon, Mumbai ('GST Authority') for payment of the amount of tax as determined, along with the applicable interest and penalty for the tax period April 2018 to March 2019.

The authorities have demanded the Company to pay the amount of tax as determined, along with the applicable interest and penalty for the tax period April 2018 to March 2019 under the applicable provision of GST Act, 2017. The Company will contest the matter and prefer an appeal against the said demand order 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.

This intimation is also being uploaded on the Company's website at https://www.thephoenixmills.com/investors/FY2025/ExchangeIntimations.

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: 2024.04.30 14:37:44 +05'30'

______________________

Gajendra Mewara

Company Secretary

Membership No. A22941

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

No

need to be provided

Information of such events(s)

.

a)

Name of the authority

Deputy Commissioner of State Tax

Department of Goods and Service Tax (Govt. of Maharashtra)

b)

Nature and details of

Receipt of an Order under Section 73 of CGST/MGST Act from GST authorities

the action(s) taken,

instructing the Company to pay the amount of tax as ascertained below along

initiated or order(s)

with amount of interest and penalty for the period April 2018 to March 2019.

passed

Act

Tax

Interest

Penalty

Total

CGST

5,38,825

4,66,127

67,574

10,72,526

SGST

5,38,825

8,67,9434,66,127

67,574

10,72,526

IGST

-

-

-

-

Total

10,77,650

9,32,254

1,35,148

21,45,052

c)

Date

of

receipt

of

Notice dated April 29, 2024, was received by way of an email intimation at 03.20

direction

or

order,

p.m. (IST).

including

any

ad-

interim

or

interim

orders,

or

any

other

communication

from

the authority

d)

Details

of

the

The grounds and qualification as stated by authorities is as follows:

violation(s)/contraventi

on(s)

committed

or

∙ GST Liability on account of non-reversal of ITC u/r 42 or 43 of MGST Rules

alleged

to

be

2017 inward supply of services in relation to Qualified Institutional

committed.

Placement (QIP), Merger and Amalgamation.

∙ GST Liability on account of wrong levy of IGST for supply of Services in

Maharashtra State.

e)

Impact

on

financial,

The Company will be taking the necessary actions to defend its case by

operation

or

other

preferring an appeal at an appropriate forum and does not reasonably expect

activities

of

the

listed

the said order to have any material financial impact on the Company.

entity,

quantifiable

in

monetary

terms

to

the

extent possible.

.