Announced Wed, 15 Jul · 17:17 IST
Bayer CropScience gets GST penalty of Rs 22 Million from Hyderabad tax authority
Regulatory & Legal View source PDF
BAYERCROP · price
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Price reaction · full curve 14 horizons · vs prior close
+2.9%1-day move
₹4116.90
prior close
₹4120.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1—+0.2+0.9+2.9+3.7+5.9+4.1+4.2+3.1————
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AI summary
Bayer CropScience has received a penalty order of Rs 22 Million from the Office of the Pr. Commissioner of Central Tax in Hyderabad. The order covers FY 2020-21 to 2022-23 and relates to outward supply and Input Tax Credit matters. The company has stated the order is appealable and it will assess exercising its right to appeal.
Likely market impact
Small financial impact of about Rs 22 Million. Company plans to appeal. Limited expected effect on share price or operations.