Legal31 March 2026 at 03:44 pm
TVS Supply Chain Solutions Receives Order from Madhya Pradesh Tax Authority for FY 2019-20
AI Summary
TVS Supply Chain Solutions Limited has received an order from the Assistant Commissioner of State Tax, Madhya Pradesh, regarding an alleged short payment of outward liability for FY 2019-20. The order amounts to Rs. 57,88,108. The Company maintains that this tax demand will not have a material impact on its financials, operations, or other activities. They plan to file an appropriate response and appeal the order before the authorities within the prescribed timelines.
Key Highlights
- Order received from Assistant Commissioner of State Tax, Madhya Pradesh
- Alleged short payment of outward liability for FY 2019-20
- Order amounts to Rs. 57,88,108
- Company to file response and appeal the order
- No material impact expected on financials, operations, or other activities