Tips Music Limited Completes GST Inspection with No Adverse Findings
Tips Music Limited completed a GST inspection by Maharashtra tax authorities from February 17-20, 2026, with no adverse findings or material impact on operations. The company fully cooperated with officials during the four-day inspection at its account office, providing all required documentation. The inspection concluded without identifying any defaults, non-compliance issues, or information suppression, confirming the company's adherence to GST regulations.
*this image is generated using AI for illustrative purposes only.
Tips music Limited has informed stock exchanges about the completion of a GST inspection conducted by Maharashtra tax authorities at its account office. The inspection, which took place from February 17-20, 2026, concluded without any adverse findings against the company.
Inspection Details and Timeline
The GST inspection was conducted by the Assistant Commissioner under the Maharashtra Goods & Services Tax Act, 2017. The operation was carried out as a search/inspection under Section 67 of the Maharashtra GST Act and spanned four days at the company's account office.
| Parameter | Details |
|---|---|
| Conducting Authority | Assistant Commissioner under Maharashtra Goods & Services Tax Act, 2017 |
| Nature of Action | Search/Inspection under Section 67 |
| Duration | February 17-20, 2026 |
| Location | Company's Account Office |
Company Cooperation and Compliance
Throughout the inspection period, Tips Music's officers maintained full cooperation with GST department officials. The company provided all necessary documents, information, and clarifications as requested by the inspecting authorities. This cooperative approach facilitated the smooth conduct of the inspection process.
No Adverse Findings Reported
The inspection concluded with positive outcomes for Tips Music Limited. The company has explicitly stated that no adverse findings, defaults, non-compliance issues, or suppression of information were attributed to it during the inspection process.
| Inspection Outcome | Status |
|---|---|
| Adverse Findings | None |
| Defaults Identified | None |
| Non-compliance Issues | None |
| Information Suppression | None |
| Material Impact | No impact on financials or operations |
Business Impact Assessment
The company has confirmed that the GST inspection has resulted in no material impact on its financial position, operational activities, or other business functions. This outcome suggests that Tips Music's GST compliance and record-keeping practices met the regulatory standards during the inspection period.
Regulatory Disclosure
The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed companies to inform stock exchanges about material events. The company filed this disclosure on February 21, 2026, following the conclusion of the inspection, ensuring transparency with stakeholders and regulatory compliance.
Historical Stock Returns for Tips Music
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.70% | -2.06% | +6.93% | -5.93% | -16.55% | +1,389.25% |
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