TVS Supply Chain Solutions Ltd has received a tax penalty order of ₹2.5 million from the authorities, relating to past periods. The logistics company is expected to assess the order, consider appropriate legal or appellate remedies, and has indicated that the penalty is not likely to materially affect its operations or finances.
TVS Supply Chain Solutions Ltd has informed the exchanges that it has been served a tax penalty demand of ₹2.5 million, adding to recent scrutiny of its indirect tax positions. The order relates to earlier financial years and follows an assessment alleging non-compliance or shortfall in tax treatment, in line with recent GST and tax enforcement trends for logistics and services companies.
While the absolute amount is relatively modest compared with the company’s scale, management is expected to review the basis of the order in consultation with tax advisors and may challenge it if it believes the demand is not tenable. Historically, the company has taken the stance that such tax demands and penalties do not have a material bearing on its overall financial and operational profile.
Key Highlights
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Tax penalty received: ₹2.5 million (₹0.25 crore).
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Linked to past assessment periods and tax compliance review.
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Company likely to evaluate legal and appellate options with consultants.
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Financial and operational impact expected to be non-material relative to business scale.
Sources: Company regulatory / exchange disclosures, GST and tax-related coverage on TVS Supply Chain Solutions, ScanX Trade and Taxscan reports.