SUNTECK2026-09-28SUNTECK2026-09-28in-capmkt:AtTheTimeOfBecomingPartyToLitigationOrAssessmentOrAdjudicationOrArbitrationOrDisputeMemberSUNTECK2026-09-28OppositePartyAsPerSubPara8OfParaBDomain1SUNTECKSUNTECK REALTY LIMITED512179NOTLISTEDINE805D01034Pendency of any litigation(s) or dispute(s) (Sub-para 8-Para B)At the time of becoming the party to any litigation, assessment, adjudication, arbitration or disputeNewfalse2026-09-2418:20:002026-09-28Department of Goods and Service Tax2026-09-24AgencyDepartment of Goods and Service TaxCompanySunteck Realty LimitedSunteck Realty Limited (“the Company”) has received a SCN under section 73 of GST Act from Department of Goods and Service Tax for the Financial Year 2022-23 for tax liability on procurement of Transferable Development Rights (TDR) from open market, which was originally granted by Local Bodies.The Company firmly believes that the SCN has no merits as no GST is applicable on such transactions. The said transaction is neither a supply of goods nor a supply of services and accordingly, such transaction is out of the scope of GST. Hence, the Company will file a reply to the SCN before the Office of the Deputy Commissioner of State Tax, Mazgaon, Mumbai, disputing the demand raised under the said notice. Also, the notice is incorrect as it is considering the amount two times of the actual amount. Additionally, the notice has been raised where a detailed comprehensive audit is already concluded by the tax authorities for the said financial year.There is no impact on financial, operational or other activities of the Company, arising from the said SCN.