Nuvoco Vistas Corporation Limited announced that it has received a show cause notice from the Principal Commissioner, Income Tax, Mumbai-6, regarding the financial year 2019-20 on September 23, 2025. The notice pertains to a total tax demand of ₹4.36 crores.
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The notice alleges an erroneous denial of input tax credit amounting to ₹2.84 crores, without considering brought forward tax credit from FY 2018–19. Additionally, a duplicate demand of ₹1.47 crores has been raised for denying ITC on the same ground, related to differences between GSTR-2A and GSTR-3B. The total tax demand aggregates to ₹4.36 crores for the FY 2019-20.
Nuvoco Vistas stated that they will file an appropriate reply against the notice with the Excise & Taxation Officer, State Tax, Charkhi Dadri, Haryana. The company believes that the denial of input tax credit is incorrect and expects it to be set aside at the adjudication level, resulting in no financial impact on the company.
The same is being made available on the Company's website at www.nuvoco.com.
About Nuvoco Vistas Corp. Ltd.
Nuvoco Vistas Corp. Ltd. is a building materials company with a vision to "Shaping a New World".
The company's shares are listed on the Bombay Stock Exchange (BSE) under the scrip code 543334 and on the National Stock Exchange (NSE) under the trading symbol NUVOCO.
Nuvoco Vistas expects that the denial of input tax credit is incorrect and will be set aside at the adjudication level and will ultimately have no financial impact on the Company.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
