Innovision Limited Receives ₹20.98 Crore Tax Demand Order; Plans to Challenge
Innovision Limited received a tax and penalty demand order of ₹20.98 crore for FY 2019-20 and FY 2023-24. The company disputes the demand and plans to challenge it, expecting no material financial impact.
The tax demand is substantial at ₹20.98 crore. While the company believes it will not have a material impact, the uncertainty and potential legal challenge warrant a medium impact assessment.
The company received a significant tax demand, which is negative. However, they plan to challenge it and do not expect a material impact, mitigating the negativity.
Innovision Limited has announced that it received an order dated March 20, 2026, from the Additional Commissioner, CBIC, Dehradun, on March 30, 2026. The order, passed under Section 74 of the Central Goods and Services Tax Act, 2017, demands recovery of tax and penalty amounting to ₹20,98,11,480/-
The demand pertains to tax periods FY 2019-20 and FY 2023-24, arising from a dispute raised by the department concerning filed GSTR returns. For FY 2019-20, the total liability under CGST and SGST, including penalties, was ₹47,11,134. For FY 2023-24, the total liability under CGST and SGST, including penalties, amounted to ₹10,01,94,606.
The company is currently evaluating the order and intends to challenge the proposed demand and penalty before the appropriate authority. Innovision Limited believes the demand is not sustainable and anticipates it will not have a material impact on its financial position, operations, or other activities.
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Innovision Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Innovision Limited. Read the original for the full detail.