TVS Electronics Faces ₹1.75 Cr GST Litigation from Uttarakhand Authority
TVS Electronics Limited is responding to a GST notice from Uttarakhand Authority regarding alleged excess ITC for April 2022-March 2023. The company faces potential financial implications of ₹1.75 crore, including interest and penalty. A reply to the Show Cause Notice is being filed.
The litigation involves a substantial amount of ₹1.75 crore, which could impact the company's financials. However, the company is actively responding, mitigating immediate severe impact.
The company is facing a significant litigation with potential financial implications due to alleged excess Input Tax Credit.
TVS Electronics Limited has disclosed details of a material pending litigation concerning a Show Cause Notice issued by the Deputy Commissioner, Uttarakhand GST Authority. The notice, issued under Section 73(1) of the CGST/Uttarakhand GST Act & Rules 2017, alleges excess availment of Input Tax Credit (ITC) for the tax period April 2022-March 2023.
The expected financial implication for the company, including interest and penalty, amounts to ₹1,75,34,463. TVS Electronics is currently in the process of filing its reply to the Show Cause Notice.
This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025 -CFD-POD2/I/3762/2026 dated 30th January 2026.
A plain-language summary of a public exchange filing by TVS Electronics Limited. Read the original for the full detail.