TV Vision Limited Receives GST Intimation Pertaining to Alleged Excess Availment of Input Tax Credit
TV Vision Limited has received an intimation regarding a tax demand for the financial year 2022-23. The communication, issued by the Office of the Deputy Commissioner of State Tax in Maharashtra, concerns the alleged excess availment of Input Tax Credit (ITC) that was not reflected in GST returns GSTR2A/2B following scrutiny of GST records.The tax demand encompasses a proposed aggregate tax requirement of ₹53,928,952. This total includes a tax demand of ₹38,386,964 and applicable interest amounting to ₹15,541,988. No penalty has been proposed by the authority at this stage regarding the alleged non-compliance.
The company is scheduled for action regarding this matter. TV Vision Limited has been directed to submit a reply to the Show Cause Notice (SCN) on or before September 4, 2026. Alternatively, the management must appear for a personal hearing before the Deputy Commissioner of State Tax on August 25, 2026, at 11:00 A.M.
Details regarding the tax demand and associated financial implications are summarized below:
| Financial Component | Amount (₹) |
|---|---|
| Proposed Tax Demand | 38,386,964 |
| Applicable Interest | 15,541,988 |
| Total Aggregating | 53,928,952 |
The receipt of the Show Cause Notice, which pertains to Section 73 of both the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017, was confirmed on August 05, 2026.
Regarding the impact on the company's operations, TV Vision Limited stated that there is no material impact of this matter on its financials or other activities, despite the proceedings. The company noted that it is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, and the tax issue will be handled in accordance with applicable laws and the Code provisions.
The management has responded by stating that the company is in consultation with its tax advisors and plans to file an appropriate reply within the stipulated timeframe and take all necessary legal steps as per the law.
TVVISION Stock Price Movement
TV Vision Limited shares slipped by 0.45% on Wednesday, settling at ₹4.43 in the market session. The stock traded a total volume of 6,192 shares during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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