GST demand of about Rs 3 crore from Gujarat tax authority for FY 2021-22

Regulatory & Legal View source PDF Explain this filing

BANDHANBNK · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.6%Reaction day

₹145.00

prior close

₹145.50

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.5%+1.1% vs market

Private Sector Bank peers, median of 19sector-0.2%+0.8% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Smallcap 250 and 0.8 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.6

10m

-0.2

15m

-0.5

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6-0.5+1.1-0.2+0.8

Next day

+0.4-0.7+1.1+0.3+0.1

+0.5+0.4+0.1+1.8-1.2

-0.6+0.3-0.9+2.2-2.7

-0.0+1.1-1.1+3.3-3.3

+1.3+1.4-0.1+4.9-3.7

+1.8+1.2+0.6+5.4-3.6

15d

-3.9-6.1+2.3+0.8-4.7

+4.7-5.9+10.6+2.5+2.2

+22.9-6.2+29.2+3.6+19.3

-2.7-14.0+11.3-10.3+7.6

UpDownMarket · Nifty Smallcap 250Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Deputy Commissioner, Range-2, Gujarat has issued a demand order under Section 73 of the CGST Act against Bandhan Bank, alleging excess or ineligible Input Tax Credit and non-payment of GST on some incomes for FY 2021-22. Total demand is about Rs 3 crore, split as Rs 1.69 crore tax, Rs 1.14 crore interest, and Rs 16.9 lakh penalty. The bank states there is no material impact on its financials or operations and plans to file an appeal before higher authority.

Likely market impact

Bank says no material impact; about Rs 3 crore demand will be appealed. Minimal effect on shareholders expected.