Announced Wed, 15 Apr · 17:12 IST
CONCOR faces Rs.75.96 lakh GST demand plus penalty from Hyderabad tax authority
Regulatory & Legal View source PDF
CONCOR · 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
+3.3%1-day move
₹488.00
prior close
₹496.85
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.7-0.0-0.7+3.3+2.4+3.5+6.0+3.0+5.6+9.3+2.9-4.5+0.5
Up moveDown movePending
AI summary
CONCOR received an order from the Commissioner of Customs & Central Tax, Appeals-II, Hyderabad demanding GST of Rs.37.98 lakh plus an equal penalty and 18% interest — totalling about Rs.75.96 lakh plus interest. The authority alleged the company availed ineligible input tax credit and did not pay tax on other income. CONCOR says it believes no excess ITC was claimed, sees no material financial or operational impact, and is filing an appeal.
Likely market impact
Demand is small relative to CONCOR's scale; company disputes the claim and is filing an appeal, so limited near-term impact expected.