Vishal Mega Mart has been served with an order from the Assistant Commissioner, LGSTO 38- Bengaluru, DGSTO-5, Bengaluru, Karnataka, under Section 74 of the CGST Act, 2017. The order alleges that the company availed or utilised excess Input Tax Credit during the financial year 2019-20.
The order, received on 24th March 2026, outlines a financial impact totalling ₹71,85,432. This includes a tax demand of ₹23,43,585, interest amounting to ₹24,98,262, and a penalty of ₹23,43,585. Despite the significant monetary implications, Vishal Mega Mart has stated that the order will not have a material impact on its operations or other activities.
The company is currently reviewing the order and evaluating its next steps to address the situation. The management has not disclosed any further details on how they plan to respond to the tax demand or whether they intend to contest the order.
Vishal Mega Mart, a prominent retail chain, is known for its wide range of consumer goods and has a substantial presence in the Indian market. The impact of this order, while financially notable, is not expected to disrupt its ongoing business operations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).