5447322026-08-265447322026-08-26in-capmkt:AtTheTimeOfBecomingPartyToLitigationOrAssessmentOrAdjudicationOrArbitrationOrDisputeMember5447322026-08-26OppositePartyAsPerSubPara8OfParaBDomain1INNOVISIONINNOVISION LIMITED544732NOTLISTEDINE0ADB01012Pendency of any litigation(s) or dispute(s) (Sub-para 8-Para B)At the time of becoming the party to any litigation, assessment, adjudication, arbitration or disputeNewfalse2026-08-2506:35:002026-08-26Principal Commissioner, Central Goods and Services Tax, Gurugram2026-08-25AgencyPrincipal Commissioner, Central Goods and Services Tax, GurugramCompanyINNOVISION LIMITEDThe Show Cause Notice alleges, inter alia, that the Company incorrectly claimed exemption in respect of certain outward supplies reported in its GST returns and proposes GST demand of Rs.107041228.15, comprising CGST of Rs.53520614.07 and SGST of Rs.53520614.07 along with applicable interest and penalty.The Show Cause Notice proposes a tax demand of Rs.107041228.15, along with applicable interest and penalty. The Company further informs that the present matter is substantially similar to an earlier matter decided in favour of the Company by the Commissioner, CGST (Appeals), Dehradun, vide Order-in-Appeal dated August 11, 2026, bearing C. No. 18/GST/Commr/APPL/DDN/2026-27/1544, in respect of the Company’s Uttarakhand GST registration. The said order, inter alia, sets aside the substantive tax demand under Section 74, along with the corresponding interest and major penalties. The said appellate order may be relied upon by the Company in its submissions before the Competent Authority. Since the present communication is a Show Cause Notice and no final demand has been adjudicated pursuant thereto, the Company does not expect any immediate material impact on its financial position, operations or other activities107041228.15The Company received the Show Cause Notice on August 25, 2026 wherein it proposes a tax demand of Rs.10,70,41,228.15, <br /> along with applicable interest and penalty.