WeWork India receives ₹11.01 crore GST input-tax-credit demand notice
As filed · WeWork India Management Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
What happened
FactWeWork India Management received a show-cause-cum-demand notice dated September 29, 2026, alleging excess availment and utilisation of input tax credit for April 2021 to March 2023. The notice seeks disallowance and recovery of ₹11,01,28,801, plus applicable interest and penalty; the company says it is preparing a detailed response and does not envisage a material impact at this stage.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
Scale
- 0.5% of FY26 revenue
₹11.01 Cr stated in the filing against ₹2,431.76 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
WithdrawnCRISIL expects operating income to grow by 15–20% over the medium term, supported by capacity additions and sustained healthy occupancy levels
We feel confident about FY27 being another strong year for the business and leading that into FY28 as well.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
- we see some coming through over the next three quarters, so it will, you know, it will increase as the year go (management committed by H1 FY27)
- We feel confident about FY27 being another strong year for the business and leading that into FY28 as well. (management committed by FY27)
Evidence
- WeWork India Management Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company(opens the original filing in a new tab)
- Earlier statement · FY22
- Latest statement · Q1 FY27
- Earlier statement · H1 FY26
How CapitSignal classified this
- Reasoning:
- The notice creates a potential tax liability above the stated ₹11.01 crore principal demand because applicable interest and penalties are also proposed. The company disputes the basis of the notice and says it currently expects no material financial or operational impact.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%