TVS Srichakra Faces ₹55.11 Crore GST Demand Order
TVS Srichakra Limited has received an Order dated December 29, 2025, from the Office of the Joint Commissioner of CGST, Dehradun, Meerut, Uttarakhand. This order follows a Demand cum Show Cause Notice...
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Why is TVS Srichakra Limited in the news today?
TVS Srichakra Limited (TVSSRICHAK) is in the news due to the company has received a significant demand order from the gst authorities, which could lead to financial implications if the appeal is unsuccessful.
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TVS Srichakra Faces ₹55.11 Crore GST Demand Order
December 29, 2025, 12:35 PM
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More Details on This News
TVS Srichakra Limited has received an Order dated December 29, 2025, from the Office of the Joint Commissioner of CGST, Dehradun, Meerut, Uttarakhand. This order follows a Demand cum Show Cause Notice issued on June 30, 2025, by the Additional Commissioner of CGST, Dehradun.
The notice alleged GST liability due to a mismatch between GSTR-3B returns and e-way bills for FY 2018-19, 2019-20, and 2020-21. The total demand initially raised was ₹65,38,35,599, comprising tax of ₹37,54,80,788 and penalty of ₹27,83,54,811.
Following the company's response, the department issued an order on December 29, 2025, confirming a tax demand of ₹27,55,67,074 and a penalty of ₹27,55,67,047, aggregating to ₹55,11,34,121. The company received this order via registered e-mail on December 29, 2025.
TVS Srichakra intends to file an appeal against this order within a 90-day time limit. The company stated that there is no impact on its operations or other activities due to this order, and the financial impact will be quantifiable upon the disposal of the appeal.
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