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 tax demand order dated March 20, 2026 (received on March 30, 2026) from the Additional Commissioner, Central Goods & Service Tax Commissionerate, Dehradun, under Section 74 of the CGST Act and UKGST Act. The total demand, covering tax and penalty for FY 2019-20 and FY 2023-24, is Rs 20,98,11,480 (~Rs 20.98 crore). The dispute relates to alleged discrepancies in the company's filed GSTR returns for those periods. The company stated it will challenge the order before the appropriate authority and believes the demand is not sustainable. It also asserted that the order will not have any material impact on its financial position, operations, or other activities.
Short-term, this is a negative headline due to the sizeable demand; however, the company has committed to contesting it and claims no material financial impact. Shareholders should watch for updates on the appeal and any further disclosures, as outcomes in tax matters can occasionally escalate.