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Innovision Limited has received an order from the Additional Commissioner, CBIC, demanding recovery of tax and penalty totaling Rs 20.98 Cr. This is due to a dispute raised by the department in filed GSTR returns for FY 2019-20 and FY 2023-24.
The company is currently evaluating the order and plans to challenge it, believing the demand is not sustainable and will not materially impact its financial position or operations.