GST Demand of about ₹95.3 Lakh on A-One Steels, Appeal Planned
AONESTEELS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 8.5 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
A-One Steels received a GST order (Form DRC-07) under Section 74(1) of the GST Act from Andhra Pradesh tax authorities, alleging excess claim of Input Tax Credit and tax on corporate guarantee during a GST audit. Total demand including tax, interest, and penalty is ₹95,30,874. Order was dated September 24, 2026, and reached the factory on October 01, with the delay due to statutory holidays. The company says there is no impact on regular business and plans to file an appeal before the appellate authority within the stipulated time.
About ₹95 lakh financial hit if demand stands; appeal may lower liability. No disruption to daily operations.