TVS Electronics Faces ₹7.8 Cr GST Demand Notice

TVS Electronics Limited has disclosed a material pending litigation concerning a show cause notice issued by the Deputy Commissioner, Karnataka GST Authority. The notice, under Section 73(1) of the CGST Act and Karnataka GST Act, pertains to the tax period April 2022 to March 2023. The company faces an additional tax demand of ₹7,82,42,083, which includes potential interest and penalty. TVS Electronics is currently in the process of preparing and filing its reply to the show cause notice.