Announced Sat, 25 Jul · 19:53 IST
Bansal Wire subsidiary wins GST appeal, interest demand set to NIL
Regulatory & Legal View source PDF
BANSALWIRE · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹321.25
prior close
₹325.60
base price
After-mkt
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AI summary
Bansal Wire Industries' wholly owned subsidiary Bansal Steel & Power won a GST appeal before the Joint Commissioner of State Tax (Appeals), Rohtak. A prior rectification interest demand of about Rs 16.89 lakh (Rs 16,88,804) on ITC for FY2017-18 has been reduced to NIL and the case is closed. The company states there is no financial, operational or other business impact.
Likely market impact
Positive outcome as subsidiary clears tax litigation with no financial impact on the company.