TVS Supply Chain Solutions announced receipt of an order from the Assistant Commissioner of State Tax, Madhya Pradesh, concerning the financial year 2019-20. The order relates to an alleged short payment of outward liability amounting to Rs.57,88,108. The company stated this tax demand is not expected to materially impact its financials. TVS plans to file an appropriate response and appeal the order within the prescribed timelines.
Regulatory Disclosure on Tax Order
TVS Supply Chain Solutions Limited has made a mandatory disclosure regarding an order passed by a tax authority. The notification was issued on March 31, 2026, to both the BSE Limited and the National Stock Exchange of India Limited.
Details of the Authority and Allegation
The action was taken by the Assistant Commissioner of State Tax, Madhya Pradesh. The order was passed for the financial year FY 2019-20. The fundamental ground for the order is the alleged short payment of outward liability.
Financial Implication and Next Steps
The details indicate that the order levies a demand totaling Rs.57,88,108. Concerning the potential effect on the company, TVS Supply Chain Solutions has assessed that this tax demand is not expected to have a material impact on the financials, operations, or other activities of the Company.
The Company confirmed that it will be filing an appropriate response and appeal against the Order before the relevant Authorities within the prescribed timelines. The date of receipt of this communication was noted as March 30th, 2026.
Source: BSE
