Excess Availment of ITC Leads to Rs 1.75 Crore GST Show Cause Notice on TVS Electronics Limited :

TVS Electronics Limited has faced a show cause notice (SCN) proposing a demand of Rs 1.75 crore (interest and penalty included), passed under Section 73(1) of the CGST/Uttarakhand GST Act and Rules, 2017, by the Deputy Commissioner, Uttarakhand (GST Authority).

The notice pertains to the tax period between April 2022 and March 2023. The tax department, via the notice, has alleged that the company has availed excess Input Tax Credit (ITC).

According to the company, it is in the process of filing a reply to the show cause notice (SCN). The aforementioned disclosure has been made by the company itself to the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE), vide an Intimation dated September 02, 2026, issued in pursuance of Regulation 30 read with Schedule III of the Listing (Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations).

Refer to the official Intimation for complete information.