Announced Tue, 16 Jun · 19:44 IST
Crompton Greaves: GST appeal order upheld against company, ₹3.33 cr demand
CROMPTON · 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
+4.7%1-day move
₹264.65
prior close
₹266.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.5+1.3+2.2+2.4+4.7+4.3+4.6+2.7+4.0+3.2-2.0-3.3——
Up moveDown movePending
AI summary
Crompton Greaves received an order from the Commissioner (Appeals) under SGST Act for FY 2019-20, upholding a demand of ₹3.33 crore (tax ₹1.50 cr + interest ₹1.68 cr + penalty ₹15 lakh). The demand relates to alleged excess ITC claims, short tax payment vs E-waybill records, and ineligible ITC. The company says no material financial impact and plans to appeal further under Section 112 of SGST Act.
Likely market impact
Minor tax demand of ₹3.33 cr; company lost at appellate level but plans further appeal, no material impact stated