Innovision Limited has informed regarding Disclosure of material issue
INNOVISION · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Innovision Limited has received a GST order dated March 20, 2026 from the Additional Commissioner, CBIC, Dehradun, demanding approximately Rs 20.98 crore in tax and penalty under Section 74 of the CGST Act. The demand covers the tax period April 2019 to March 2024 and stems from disputes raised by the GST department over filed GSTR returns, with the bulk of the liability (~Rs 10 crore each under CGST and SGST) arising from FY2023-24. The company is evaluating the order and intends to challenge it before the appropriate authority. Management has stated that, based on its assessment, the demand is not sustainable and will not have any material impact on its financial position, operations, or other activities.
The large tax demand may create short-term negative sentiment and stock price volatility, though the company's stated view that the order will not materially affect financials could limit the downside. Investors should watch for updates on the appeal and any escalation in the dispute, as an adverse final ruling could hurt earnings and cash flows.