NSE/BSE Codes: BSE: 543334, NSE: NUVOCO
Summary of Key Information:
Nature of Event / Disclosure:
Regulatory disclosure under Regulation 30 of SEBI Listing Regulations regarding a Show Cause Notice issued by GST authorities to the company's wholly owned subsidiary.
Involved Parties / Authorities:
- Issuing Authority: Joint Commissioner, CGST, Durgapur Audit Commissionerate, West Bengal
- Recipient: NU Vista Limited (wholly owned subsidiary of Nuvoco Vistas Corporation Limited)
Date / Timeline of Event:
- Disclosure Date: August 25, 2026
- Notice Period Covered: Four financial years from FY 2020-21 to FY 2023-24
Brief Description of Outcome / Dispute:
The Show Cause Notice proposes denial of input tax credit in respect of different inputs including civil construction, toll charges, and canteen expenses. It also proposes denial of reduction in output tax liability arising from credit notes issued towards sales returns and post-sale discounts.
Impact of Outcome:
Financial Impact:
- Total proposed demand: ₹15.41 crores
- The company believes it has sufficient documentary evidence in support of its position
- The company is confident that upon consideration of submissions and supporting records, the matter would be appropriately resolved
- The company states the matter will have no major financial impact
Operational / Business / Strategic Impact:
No material disclosures in this section.
Other Implications:
No material disclosures in this section.
Next Steps / Required Actions:
The company will file an appropriate reply before the Joint Commissioner, CGST, Durgapur Audit Commissionerate, West Bengal.