Announced Wed, 26 Aug · 18:15 IST
GST Show Cause Notice of Rs 10.70 Crore on Innovision Limited
INNOVISION · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.0%1-day move
₹255.45
prior close
₹252.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.3+0.4-3.0+6.5+3.0+1.4+0.3+0.1-1.2———
Up moveDown movePending
AI summary
Innovision received a GST Show Cause Notice from the Principal Commissioner, CGST Gurugram, proposing a tax recovery demand of Rs 10.70 crore for FY 2020-21 to FY 2024-25. The demand relates to exemption claimed on certain supplies. A similar earlier matter was already decided in the company's favor by the CGST Appellate Authority in Dehradun. The company plans to contest and says no immediate material impact.
Likely market impact
Show cause notice only, no final order yet. A similar past case was already won by the company, supporting its defense. No immediate material impact.