NSE/BSE Codes: NSE Code: INNOVISION, BSE Code: 544732

Summary of Key Information:

Nature of Event / Disclosure:

Regulatory filing under SEBI LODR Regulation 30 regarding receipt of a GST order and disclosure of litigation status. The company received an order under Section 74 of the Central Goods and Services Tax Act, 2017 (CGST Act) and UKGST Act that modified and reduced a separate record-keeping penalty under Section 122(1)(xvi) to a fixed penalty of Rs. 10,000/-.

Involved Parties / Authorities:

  • Additional Commissioner, Central Goods & Service Tax Commissionerate, Dehradun
  • Innovision Limited (Appellant Company)

Date / Timeline of Event:

  • Order received by company: August 11, 2026
  • Date of intimation to exchanges: August 12, 2026
  • Original dispute periods: FY 2019-20 and FY 2023-24

Brief Description of Outcome / Dispute:

The dispute was raised by the GST Department regarding filed GSTR returns of relevant periods. In FY 2019-20, the tax payable amounted to Rs. 15,70,378 under CGST and an equal amount under SGST, with penalties of Rs 31,40,756 each, bringing the total liability to Rs 94,22,268 under both heads. In FY 2023-24, the tax payable was Rs 3,33,98,202 under each CGST and SGST, with penalties of Rs 6,67,96,404 each, resulting in a total liability of Rs 20,03,89,212 under both CGST and SGST. The final order reduced the penalty to a fixed amount of Rs. 10,000.

Impact of Outcome:

Financial Impact:
  • Penalty amount imposed under Section 122(1)(xvi): Rs. 10,000/-
  • The company states there are "no adverse financial implication on the Company"
  • No material financial impact expected from any litigations/disputes
Operational / Business / Strategic Impact:

No material operational, business, or strategic impact disclosed. The company assessment, based on prevailing laws and advice of counsel, indicates that the outcome of such litigations/disputes is not reasonably expected to have any material impact.

Other Implications:

The order was decided in favor of the appellant company (Innovision Limited), with the status noted as "Set Aside" and "Decided in Favour of the Appellant Company."

Next Steps / Required Actions:

No specific next steps or required actions were disclosed in the filing. The matter appears to be resolved with the favorable order.