TV Vision Receives ₹53.9 Million GST Demand Notice

MUMBAI — Indian media and broadcasting firm TV Vision Limited has received a Form GST DRC-01A intimation notice from state tax authorities proposing a total demand of ₹53.9 million (₹5.39 crore). The regulatory notice, issued in relation to the 2022-23 financial year, comes as the company navigates ongoing insolvency resolution proceedings.

Details of the GST Assessment Notice

In a regulatory filing submitted on Wednesday, August 05, 2026, TV Vision Limited informed stock exchanges that it received a Show Cause Notice under Section 73 of the Central Goods and Services Tax Act, 2017, and the Maharashtra Goods and Services Tax Act, 2017. The communication was issued by the Office of the Deputy Commissioner of State Tax, Maharashtra.

The intimation pertains to an alleged excess availment of Input Tax Credit (ITC) that was not reflected in the company's GSTR-2A/2B filings following a scrutiny of GST returns for FY 2022-23.

The proposed statutory break-up consists of:

• Proposed Tax Demand: ₹38,386,964

• Applicable Interest: ₹15,541,988

• Total Proposed Demand: ₹53,928,952

No administrative or financial penalty has been proposed at this stage. Tax authorities have directed the company to submit its formal reply to the Show Cause Notice on or before September 04, 2026, or appear for a personal hearing on August 25, 2026, before the Deputy Commissioner of State Tax.

Corporate Status and Insolvency Context

The receipt of the TV Vision Limited GST demand notice occurs while the company is undergoing the Corporate Insolvency Resolution Process (CIRP) under the provisions of the Insolvency and Bankruptcy Code (IBC), 2016. Interim Resolution Professional (IRP) Alok Kumar Murarka is managing the company's affairs during the restructuring period.

In its disclosure, TV Vision Limited stated that the notice carries no material financial or operational impact on the company's current activities. The management confirmed it is consulting with tax advisers to submit an appropriate reply within the stipulated timeline and will handle the claim in accordance with applicable provisions of the IBC and state laws.

Official Sources Section

The details of the statutory notice were communicated to exchange desks pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25.

Official disclosures were submitted by Interim Resolution Professional Alok Kumar Murarka on behalf of TV Vision Limited to BSE Limited (Scrip Code: 540083) and the National Stock Exchange of India Limited (Symbol: TVVISION).

Quote Section

According to official regulatory filings signed by Interim Resolution Professional Alok Kumar Murarka:

"The intimation pertains to the alleged excess availment of Input Tax Credit ('ITC') not reflected in GSTR-2A/2B, pursuant to scrutiny of GST returns. The aggregate tax demand proposed is ₹38,386,964 along with applicable interest of ₹15,541,988, aggregating to ₹53,928,952. No penalty has been proposed at this stage."

Why It Matters

A TV Vision Limited GST demand notice highlights the ongoing scrutiny of statutory compliance for corporate entities undergoings CIRP. For investors and creditors, tracking additional tax claims is vital, as all statutory dues and liabilities are factored into the overall debt restructuring and resolution plans evaluated under the Insolvency and Bankruptcy Code.

Key Facts at a Glance

• Aggregate Demand: ₹53,928,952 comprising ₹38.38 million in tax and ₹15.54 million in interest.

• Assessment Period: Financial Year 2022-23.

• Primary Allegation: Excess availment of Input Tax Credit not matching GSTR-2A/2B records.

• Next Procedural Steps: Personal hearing scheduled for August 25, 2026; written reply deadline set for September 04, 2026.

FAQ Section

What is the reason behind the TV Vision Limited GST demand notice?

The notice was issued due to alleged excess Input Tax Credit (ITC) claimed by the company that did not reflect in its GSTR-2A/2B returns during the 2022-23 financial year.

Which authority issued the tax notice to TV Vision?

The intimation was issued by the Office of the Deputy Commissioner of State Tax, Maharashtra.

Does the notice include any financial penalty?

No penalty has been proposed by the state tax authority at this stage.

How will TV Vision handle this demand while under CIRP?

The company is preparing a formal legal response in consultation with its tax advisors and will process the claim under the Insolvency and Bankruptcy Code framework.

Source: Official regulatory disclosures filed by TV Vision Limited with BSE Limited and the National Stock Exchange of India Limited on August 05, 2026