Announced Fri, 24 Jul · 21:05 IST
TVS Electronics GST show cause notice for about 58.23 lakhs
Regulatory & Legal View source PDF
TVSELECT · 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
—1-day move
₹498.00
prior close
₹498.00
base price
After-mkt
timing
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+1.1+0.9—+1.1——————————
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AI summary
TVS Electronics received a Show Cause Notice from the Delhi GST department alleging excess Input Tax Credit claims for the period April 2022 to March 2023. The total potential financial impact, including interest and penalty, is about 58.23 lakhs. The company is in the process of filing its reply. This is a pending matter and no final order has been passed.
Likely market impact
Small exposure of about 58.23 lakhs on a pending GST matter. Outcome of the reply will determine impact; watch for further updates.