Nuvoco Vistas Corporation Limited has informed the Exchange about a Show Cause Notice received from Joint Commissioner, CGST Audit-Bhopal, Madhya Pradesh
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On the reaction day the stock moved 0.8 pts more than Nifty Smallcap 250 and 0.5 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Nuvoco Vistas has received a Show Cause Notice from the Joint Commissioner, CGST Audit-Bhopal on June 26, 2025. The notice disputes the adjustment of GST liability on discount credit notes across six financial years (FY19 to FY24) and proposes a demand of Rs. 10.03 crores. The issue was not flagged during the original audit, and the company says valid supporting certificates are available and no excess Input Tax Credit (ITC) was claimed. The company will file a reply before the Additional Commissioner, CGST, Jabalpur and expects no major financial impact.
The proposed demand of Rs. 10.03 crores is relatively small for the company, and management is confident the notice will not hold up. Short-term stock impact is likely muted, though investors should watch for the final outcome of the reply process.