Announced Fri, 24 Jul · 21:06 IST
TVS Electronics: GST show cause notice for about Rs 58.23 lakh
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
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.1+0.9—+1.1——————————
Up moveDown movePending
AI summary
TVS Electronics received a Show Cause Notice from the Delhi GST Department alleging excess availment of Input Tax Credit (ITC) for the tax period April 2022 to March 2023. Total potential financial impact, including interest and penalty, is about Rs 58.23 lakh. The company is in the process of filing its reply to the notice.
Likely market impact
Pending GST dispute. Impact is modest at about Rs 58 lakh. Outcome uncertain as company prepares its reply.