Announced Wed, 19 Aug · 23:26 IST
GST show cause notice for Rs 33.47 lakhs on ITC reversal
TIRUMALCHM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+6.2%1-day move
₹144.40
prior close
₹144.44
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.4+0.3+0.3+0.6+6.2+11.5+8.7+10.4+10.3+10.7+9.1+8.7——
Up moveDown movePending
AI summary
Thirumalai Chemicals got a GST show cause notice from the Vadodara Audit Commissionerate under Section 74 of the CGST Act for not reversing Input Tax Credit on stock differences from April 2020 to March 2024. The tax demand is Rs 33.47 lakhs; interest and penalty are not yet quantified. The company will respond within the deadline, says the demand is erroneous, and expects any impact to be insignificant.
Likely market impact
Minor tax demand of Rs 33.47 lakhs that company will contest. Management says impact is not material to financials.