Schloss Bangalores arm Tulsi Palace Resort gets ₹4.66 cr tax demand notices
PTI
Published 10 Jun 2025, 02:07 PM IST
New Delhi, Jun 10 (PTI) Brookfield-backed Schloss Bangalore, which operates Leela Palaces Hotels and Resorts, on Tuesday said its subsidiary has received show cause notices from the Central GST department, Jaipur raising a tax demand of ₹ 4.66 crore for alleged violations of various taxation norms.
The show cause notices issued to Tulsi Palace Resort Private Limited (TPRPL), a material subsidiary of the company, is for alleged violations pertaining to wrongful adjustment of tax liability and non-payment of IGST on import of services under reverse charge mechanism.
In a regulatory filing, Schloss Bangalore said it "will file an appropriate response before the adjudicating authority" on the show cause notices issued to TPRPL.
"TPRPL, a material subsidiary of the company, has received show cause notices under sections 73 and 74 of the Central Goods and Services Tax Act, 2017, read with the corresponding provisions of the State Goods and Services Tax Act, 2017 and the Integrated Goods and Services Tax Act, 2017, raising an aggregate demand amounting to ₹ 4.66 crore (excluding interest and penalty) for certain alleged violations," it said.
The tax demand has been raised by the Office of the Commissioner, Central Goods and Service Tax Audit Commissionerate, Jaipur.
"TPRPL...has received the show cause notices for alleged (i) wrongful adjustment of tax liability in table 5O of Form GSTR-9C during the financial years 2021-22 and 2022-23; and (ii) non-payment of IGST on import of services under reverse charge mechanism during the financial years 2018-19 to 2022-23," Schloss Bangalore stated.
"TPRPL will file an appropriate response before the adjudicating authority. The show cause notices have no material impact on the financial, operation and other activities of the company," it added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
an hour ago
- Hindustan Times
London's clean air gains should inspire bold global action, says Mayor Sadiq Khan
New Delhi, Mayor Sadiq Khan, who is on a mission to make London net zero by 2030, has called on global leaders to draw inspiration from the city's efforts to improve air quality and said that he hopes that its clean air initiatives will encourage bold action on environmental challenges worldwide. Replying to a questionnaire sent to him by PTI, Khan underlined the importance of shared responsibility between governments, businesses and communities to achieve climate goals. London declared a climate emergency in 2018, following a motion passed by its assembly. The city has since taken several steps to combat the impacts of climate change, including establishing a large clean air zone, he said. "I am committed to making London net zero by 2030 and have implemented an array of climate policies and initiatives to help get us there. However, reaching net zero needs to be a collective effort, and that is why I am working closely with the government, alongside local councils, businesses, and London's communities," Khan told PTI. He said he also hopes that the results achieved in London will inspire leaders both in the UK and around the world to be bold in addressing environmental challenges in their cities, and to take strong action to improve air quality to protect their citizens and the environment. While London aims to be net zero by 2030, the UK hopes to cut greenhouse emissions to zero by 2050. According to the City Hall's 2021 Energy Monitoring Report, referable developments in London achieved carbon reductions 46.2 per cent higher than those required by national legal standards for new buildings. The Mayor's Energy Efficiency Fund, launched in 2018, has mobilised over 330 million pounds for net-zero projects. These include retrofitting buildings for energy efficiency, expanding electric vehicle infrastructure and developing local heat networks to decarbonise energy use. London's policies have been highlighted internationally, including through platforms such as the C40 Cities a global network of mayors working to confront the climate crisis. Indian officials and urban planners, including those from Delhi, also a member of the C40 group, have participated in these forums to exchange urban strategies to tackle air pollution and climate change. London has taken significant steps to reduce pollution and address climate change, and some Indian cities are drawing inspiration from these examples. Multiple cities in Maharashtra, including Pimpri Chinchwad and Chhatrapati Sambhajinagar, are planning to introduce low emission zones a concept implemented in London. The Delhi government has expanded its electric bus fleet as part of its broader clean transport push to cut emissions. According to the 2024 World Air Quality Report, Delhi is the world's most polluted capital city. Several Indian cities, including Delhi, face persistent air quality challenges, particularly in the winter months when particulate matter levels frequently exceed safe thresholds. According to the Central Pollution Control Board , vehicular emissions, construction dust, and biomass burning remain among the key contributors. As part of the newly signed UK-India Free Trade Agreement, British clean energy companies will have unprecedented access to India's public procurement market. This opens the door for UK firms to bid for large-scale renewable energy projects across India. According to a statement issued by the UK government, the agreement represents a key step toward greater commercial participation in India's energy transition, which targets 500 GW of non-fossil capacity by 2030. The demand is expected to grow across sectors, including offshore wind, hydrogen, smart grids and battery storage. One of the most important interventions under Khan's tenure in London has been the expansion of the Ultra Low Emission Zone , which in August 2023 was extended to cover all 32 London boroughs. The zone now spans 1,500 square kilometres and impacts nearly 9 million residents. Transport decarbonisation remains a central component of the city's climate strategy. London currently hosts over 22,700 public electric vehicle charging points nearly a third of the UK's total including about 1,350 rapid or ultra-rapid chargers, based on data from the London Assembly and the Mayor's Electric Vehicle Infrastructure Strategy . The city's bus fleet includes more than 1,400 battery electric buses and 20 hydrogen fuel cell buses. The wider fleet is largely compliant with ULEZ standards, according to Transport for London. Since 2017, the London Community Energy Fund has supported 194 community-led projects, leading to the installation of 3.3 MWp of solar photovoltaic capacity and an estimated lifetime savings of around 9,600 tonnes of CO2 equivalent, according to City Hall reports. The city aims to support up to 1,000 such projects by 2030 as part of its net-zero emissions roadmap.
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Maharashtra hikes excise duty on liquor, introduces new category: Details
Facing a financial crunch due to its welfare schemes, the Maharashtra government has decided to raise excise duty on Indian-Made Foreign Liquor (IMFL) and country liquor, aiming to bolster its revenue stream. According to news agency PTI, the state Cabinet has approved an increase in the excise duty on IMFL, raising it from three times to 4.5 times the declared manufacturing cost, up to ₹260 per bulk litre. Additionally, the duty on country liquor will rise from ₹180 to ₹205 per proof litre. The government has also introduced a new category: Maharashtra-Made Liquor (MML), which will be grain-based. This locally produced liquor will require fresh registrations from manufacturers, aiming to expand the local liquor industry. The government has revised the minimum retail prices for 180 ml bottles across liquor categories. Country liquor will now retail at ₹80, up from ₹70. MML will retail at ₹148, while IMFL will cost ₹205, up from ₹110–₹115. Premium foreign liquor will now cost ₹360, a steep rise from the earlier ₹210. Revenue boost expected Officials estimate that the excise duty hikes will generate an additional ₹14,000 crore annually for the state exchequer. Maharashtra's financial stress is partly due to welfare schemes like the Ladki Bahin Yojana, which pays eligible women ₹1,500 per month. To manage the expanded scope of excise activities, the state has approved the creation of 1,223 new posts in the excise department — 744 regular positions and 479 supervisory roles. The state government is expected to table the relevant bill during the upcoming session of the state legislature. Alcohol prices across Indian cities Karnataka currently levies the highest liquor taxes in the country, with an 83 per cent cess on the actual price. In addition, the state government introduced a 5 per cent additional excise duty on certain products last month. As a result, Bengaluru has become the most expensive metro city for alcohol in India. In Telangana, liquor prices are shaped by a combination of state excise duty, special excise cess, and government-controlled pricing. In mid-May, the state government issued an order raising the retail price of select liquor brands by ₹10 for a quarter bottle (180 ml), ₹20 for a half bottle (360 ml), and ₹40 for a full bottle (750 ml).
Hindustan Times
2 hours ago
- Hindustan Times
‘50 LPA is the new 25 LPA?': Bengaluru tech salary debate sparks mixed reactions on X
A post on X questioning whether ₹50 lakh per annum (LPA) has become the new ₹25 LPA in Bengaluru's IT sector has gone viral, sparking a debate among tech professionals. 'I hear so many people earning 50LPA in Bangalore IT sector. Either they're stating inflated CTC or 50LPA is the new 25LPA. Can some techies confirm?' asked Sourav Dutta, kicking off a flurry of responses. Some users claimed that even ₹50 LPA doesn't mean much anymore in the city's high-cost tech ecosystem. '50L is the new 10L. Most earn 1 Cr+++,' one user posted. Another added, 'If you're not earning 1 Cr++ in Bengaluru then it's a waste of time. Better to pack up and leave.' However, others pushed back against the sweeping generalisation, questioning the reference point. 'You should have some baseline, are you comparing 50LPA to 10LPA from 2005, 2015, or 2020?' one asked. (Also Read: Bengaluru metro trains wrapped in advertisements to boost revenue, commuters say 'ruined the look') A few users acknowledged the rise in salary levels but emphasised that such pay packages are typically reserved for senior or top-tier tech professionals working with global firms. 'In a way, yes, but only for top-tier professionals,' noted one response. The debate also brought up regional salary disparities. 'Just Bengaluru things. In Hyderabad, 25L is still 25L. Most people earn less than that,' wrote a user, highlighting the perception that Bengaluru offers inflated packages, albeit with caveats. One self-identified techie broke down the composition of such high salaries, explaining that much of the ₹50 LPA packages are often tied up in stocks. 'Microsoft offers 50LPA, but only 16L is base salary. The rest are RSUs [Restricted Stock Units] vested over 3-4 years,' they said. They pointed out that the in-hand monthly salary could be as low as ₹1.2 lakh, depending on stock performance and vesting schedules. On the other hand, Bengaluru has firmly established itself as one of the world's top technology hubs, joining global giants like San Francisco, New York, and London, according to CBRE's newly released Global Tech Talent Guidebook 2025, as reported by news agency PTI. The report highlights that Bengaluru's tech workforce has surpassed the 1 million mark, making it the largest tech talent market in the Asia-Pacific region. (Also Read: Bengaluru's tech workforce crosses 1 million, ranks among top 12 global hubs)
