TVS Supply Chain Solutions Receives ₹4.9 Crore GST Demand for Alleged Excess ITC Availment

TVS Supply Chain Solutions has received a ₹49 crore GST demand notice for the alleged excess availment of Input Tax Credit (ITC). The company, which provides logistics and supply chain services, has stated its intention to challenge the demand. The notice relates to a period of alleged excess ITC claims and highlights the intensified scrutiny by GST authorities on compliance. The company has publicly declared that it does not believe the demand is maintainable and is confident in its legal position to contest the claim. This development underscores the ongoing challenges companies face in navigating complex GST regulations and the importance of robust internal controls.