TVS Electronics Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
TVSELECT · price
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TVS Electronics has shared an update on an ongoing GST dispute originally flagged on 1st May 2024. The case relates to a GST Assessment Order dated 29th April 2024 for FY 2018-19, where the tax department alleged short payment of tax on outward supplies and excess claim of Input Tax Credit. On 18th June 2025, the Special Commissioner of Revenue (Appellate Authority) issued a demand order of ₹77.79 Lakhs against the company, which includes interest and penalty of ₹45.37 Lakhs. The company is now preparing to file a further appeal with the Appellate Tribunal to contest this demand.
The ₹77.79 Lakhs demand is relatively small compared to the size of a listed company and is unlikely to materially affect financials, but shareholders should note this is an adverse ruling at the first appellate level. The outcome of the upcoming appeal before the Appellate Tribunal will be the next key milestone to watch.