Coromandel Intl faces GST demand of Rs 71.6 lakh, plans appeal

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COROMANDEL · 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

+0.6%Reaction day

₹1940.00

prior close

₹1944.20

announcement price

After-mkt

timing

Nifty Midcap 150market+0.6%-0.0% vs market

Fertilizers peers, median of 22sector+0.6%-0.0% vs sector

On the reaction day the stock moved in line with Nifty Midcap 150 and in line with its Fertilizers 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

+0.3

15m

-0.0

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6+0.6-0.0+0.6-0.0

Next day

+0.3-1.4+1.7-0.1+0.4

+0.2-1.5+1.7-0.1+0.2

-2.1-3.1+1.1-0.4-1.7

-6.7-4.1-2.6-1.5-5.2

-9.2-4.0-5.2-1.1-8.1

-7.2-4.5-2.7-3.3-3.9

15d

-9.0-4.5-4.5-5.2-3.8

-11.8-9.6-2.2-12.5+0.7

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UpDownMarket · Nifty Midcap 150Sector · Fertilizers peers, median of 22Pending

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

AI summary

Coromandel International received an order from the GST Appellate Authority in Jodhpur confirming a demand of Rs 71.6 lakh plus a penalty of Rs 12.6 lakh and applicable interest for FY 2019-20. The demand relates to alleged excess Input Tax Credit claims due to a mismatch between GSTR-3B and GSTR-2A filings. The company plans to appeal before the GST Appellate Tribunal and states no significant impact on financials or operations.

Likely market impact

Small tax dispute; company plans to appeal. No significant financial or operational impact stated by management.