GST tax, penalty and interest demand of Rs 5.82 crore

Regulatory & Legal View source PDF Explain this filing

CONCOR · price

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

-0.6%Reaction day

₹427.15

prior close

₹427.55

announcement price

After-mkt

timing

Nifty Midcap 150market-0.8%+0.2% vs market

Logistics Solution Provider peers, median of 42sector-0.9%+0.3% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Midcap 150 and 0.3 pts more than its Logistics Solution Provider 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

-0.2

10m

-0.6

15m

-0.5

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6-0.8+0.2-0.9+0.3

Next day

-4.0-2.9-1.1-2.3-1.7

-4.5-1.8-2.7-2.0-2.5

-0.5-0.9+0.5-1.7+1.3

-2.1-0.6-1.5-0.8-1.3

-1.0+0.2-1.2-0.7-0.3

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15d

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UpDownMarket · Nifty Midcap 150Sector · Logistics Solution Provider peers, median of 42Pending

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

AI summary

The GST appeals authority ordered Container Corporation of India to pay Rs 2.58 crore of tax, Rs 27.64 lakh in penalty and Rs 2.96 crore in interest for 2018-19, totaling Rs 5.82 crore. The order alleges excess or ineligible business tax credit and short payment or reversal. The company disputes any non-compliance and plans to appeal.

Likely market impact

Rs 5.82 crore of potential tax exposure may weigh on sentiment, but the company expects no material impact and plans to appeal.