TIPS MUSIC LIMITED provided an update regarding the Goods & Service Tax (GST) inspection conducted at its Account Office. The operation, which ran from February 17, 2026, to February 20, 2026, concluded with the company fully cooperating with the officials. Importantly, the company confirmed that no adverse findings, defaults, or non-compliance were observed, resulting in no material impact on its financials or operations.
Conclusion of GST Inspection Proceedings
TIPS MUSIC LIMITED has officially informed the exchanges regarding the conclusion of a search and inspection operation initiated by the Goods & Service Tax Department in Mumbai, Maharashtra. This action follows up on an earlier announcement made on February 18, 2026.
Timeline and Cooperation
The formal search/inspection operation commenced on February 17, 2026, and concluded after three days of proceedings on February 20, 2026. The company affirmed that its officers provided full cooperation to the GST officials, submitting all requested documents, information, and clarifications throughout the duration of the investigation.
Findings and Operational Status
The assessment of the inspection revealed no material impact on the Company’s financial position, ongoing operations, or other business activities. Crucially, the detailed findings indicated no adverse findings, default, non-compliance, or suppression of information attributable to TIPS MUSIC LIMITED.
Details of the Action Taken
- Authority: Assistant Commissioner under the Maharashtra Goods & Services Tax Act, 2017.
- Nature of Action: Search/Inspection initiated under Section 67 of the Maharashtra Goods & Services Tax Act, 2017.
- Communication: No separate written direction or interim order was received beyond the commencement and conclusion dates.
The company confirms that the entire process resulted in no quantifiable monetary impact on its earnings or operational activities.
Source: BSE
