CEAT wins GST appeal; INR 107 Crore demand set aside

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CEATLTD · price

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▲ 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

-2.2%Reaction day

₹3585.30

prior close

₹3557.00

announcement price

In-mkt

timing

Nifty Smallcap 250market-0.1%-2.1% vs market

Tyres & Rubber Products peers, median of 15sector+0.1%-2.3% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Smallcap 250 and 2.3 pts less than its Tyres & Rubber Products 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

+0.1

10m

+0.0

15m

+0.1

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2-0.1-2.1+0.1-2.3

Next day

-2.1+0.2-2.3-0.8-1.4

-4.6-0.5-4.2-1.0-3.6

-4.8-0.5-4.3-0.3-4.5

-6.6-1.1-5.5-0.0-6.5

-7.5-0.1-7.5-1.2-6.3

-6.9+0.2-7.1-1.9-5.0

15d

-3.4-0.9-2.5-6.6+3.2

-8.5-3.2-5.3-6.9-1.6

-12.5-8.2-4.2-11.0-1.5

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UpDownMarket · Nifty Smallcap 250Sector · Tyres & Rubber Products peers, median of 15Pending

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

AI summary

CEAT Limited received an Order-in-Appeal from the CGST Commissioner (Appeals), Thane, on a INR 107 Crore demand related to treating supply of Tube and Flap along with Tyre as composite supply under the CGST Act. The appeal was decided in CEAT's favor, with the authority ruling it is an interpretational matter and that proceedings under Section 74 of the CGST Act are not sustainable. No impact on financials or operations.

Likely market impact

Positive. Tax demand of INR 107 Crore quashed in CEAT's favor. No financial or operational hit.