TVS Srichakra Limited announced that it has received an Order from the Office of the Assistant Commissioner, CGST Division, Rohtak, Haryana, with a demand of INR 8,195,165 along with interest and penalties. Demand Notice issued by the Assistant commissioner, Rohtak dated December 20, 2023 towards mismatch between GSTR-1 and GSTR-3B. Order dated March 6, 2024 is received by the company on March 8, 2024.

Order issued for non-payment of tax by comparison of GSTR1 VS GSTR3B U/s 73(1) of CGST ACT, 2017. The company is considering to file an appeal before Commissioner(A). Tax Demand is INR 8,195,165.

Penalty demand is INR 819,517.