TV Vision Faces ₹53.9 Cr Tax Demand for FY23
TV Vision Ltd has received an intimation in Form GST DRC-01A from the Deputy Commissioner of State Tax, Maharashtra, proposing a tax demand of ₹38,386,964 along with applicable interest of ₹15,541,988, aggregating to ₹53,928,952. This demand pertains to the financial year 2022-23 and relates to alleged excess availment of Input Tax Credit (ITC) not reflected in GSTR-2A/2B, identified during GST return scrutiny. No penalty has been proposed at this stage. The company has been directed to respond by September 4, 2026, or appear for a hearing on August 25, 2026. TV Vision is currently under Corporate Insolvency Resolution Process (CIRP) and will address this matter accordingly. The company states there is no material impact on its financials or operations.
Key Highlights
- TV Vision received a GST notice for FY23.
- Proposed tax demand and interest total ₹53,928,952.
- Allegation of excess Input Tax Credit (ITC) availment.
- Company is under CIRP and will handle as per law.
- No penalty proposed; no material financial impact stated.
Price Impact
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