Nuvoco Vistas Corporation Limited — Others, 27-06-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Nuvoco Vistas Corp. Ltd. has announced a show cause notice from the Joint Commissioner, CGST Audit-Bhopal, alleging denial of GST liability adjustment on discount credit notes for six years (FY19-FY24) and proposing a tax demand of Rs.10.03 Cr. The company plans to file a reply before the Additional Commissioner, CGST, Jabalpur, asserting that all necessary certificates are available, no excess input tax credit was claimed, and the notice will not have any significant financial impact. This dispute relates to credit note adjustments and tax treatment, with no immediate risk to the company’s finances.