Nuvoco Vistas Corporation Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
NUVOCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nuvoco Vistas received a show cause notice from the Excise & Taxation Officer, State Tax, Charkhi Dadri, Haryana on September 23, 2025, relating to FY 2019-20. The notice allegedly denies an input tax credit (ITC) of Rs. 2.84 crores without considering brought-forward tax credit from FY 2018-19, and raises a duplicate demand of Rs. 1.47 crores based on differences between GSTR-2A and GSTR-3B. The total tax demand aggregates to Rs. 4.36 crores. The company views the denial as incorrect, plans to file an appropriate reply, and expects the matter to be resolved at the adjudication stage with no financial impact. This is a corrected filing — an earlier intimation had wrongly identified the issuing authority as the Income Tax department.
The Rs. 4.36 crore tax demand is small relative to Nuvoco's scale, and management expects no material financial impact. Short-term sentiment impact is likely muted, though investors should watch for the adjudication outcome.