Innovision Ltd. Receives Tax Demand Order
Innovision Ltd. announced today, March 30, 2026, that it received an order from the Additional Commissioner, CBIC, Jurisdiction - Dehradun, Meerut, dated March 20, 2026. The order, issued under Section 74 of the Central Goods and Services Tax Act, 2017, demands recovery of tax and penalties totaling Rs 20,98,11,480 for the tax periods of fiscal years 2019-20 and 2023-24, stemming from a dispute raised by the department in filed GSTR returns.The company is currently evaluating the order and intends to challenge the demand and penalty before the appropriate authority. Innovision Ltd. believes the demand is not sustainable and will not have a material impact on its financial position, operations, or other activities.
Details of the order are as follows:
| Sr No. | Particulars | Details |
|---|---|---|
| 1 | Name of the authority | Additional commissioner, Central Goods & Service Tax Commisionerate, Dehradun |
| 2 | Nature and Details of the action(s) taken initiated or order(s) passed | In FY 2019-20, the tax payable amounted to Rs. 15,70,378 under CGST and an equal amount under SGST, with penalties of Rs 31,40,756 each, bringing the total liability to Rs 47,11,134 under both heads. In FY 2023-24, the tax payable was Rs 3,33,98,202 under CGST and SGST respectively, with penalties of Rs 6,67,96,404 each, resulting in a total liability of Rs 10,01,94,606 under both CGST and SGST. |
| 3 | Date of receipt of direction or order, including any ad- interim or interim orders, or any other communication from the authority; | Company has received the order on March 30, 2026, an Order dated March 20, 2026 |
| 4 | Details of the violation(s)/ contravention(s) committed or alleged to be committed; | Dispute raised by GST Department in filed GSTR returns of relevant periods |
| 5 | Impact on financial, operation or other activities of the Company, quantifiable in monetary terms to the extent possible; | The Company is currently evaluating the order and intends to challenge the proposed demand and penalty before the appropriate authority. Based on its assessment, the Company believes that the demand is not sustainable and will not have any material impact on its financial position, operations, or other activities |
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