Nuvoco Vistas Hit with ₹34.9M Entry Tax Demand Order Amid Regulatory Scrutiny

Nuvoco Vistas Corporation Ltd has received a demand order from the Additional Commissioner, Commercial Tax, Raipur, Chhattisgarh, imposing an entry tax of ₹34.9 million. The order, issued under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR), signals heightened regulatory oversight on corporate tax compliance.

 

The company is expected to review the tax demand and assess potential legal or financial implications before taking further action. While Nuvoco Vistas has not yet disclosed its response, industry experts suggest that such tax assessments could impact cash flow management and operational expenses.

 

This development comes amid broader regulatory scrutiny on entry tax compliance across industries, with authorities tightening enforcement measures.

 

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Source: Economic Times | Rediff Money