Announced Fri, 10 Jul · 11:45 IST
Delhivery gets GST order, about Rs 59 lakh tax and penalty demand
Regulatory & Legal View source PDF
DELHIVERY · 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
-0.5%1-day move
₹515.20
prior close
₹520.40
base price
In-mkt
timing
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AI summary
Delhivery has received an order from the Maharashtra GST authority under Section 74 of the CGST/Maharashtra GST Act for FY 2020-21. The order confirms a tax demand of about Rs 29.54 lakh and an equal penalty of about Rs 29.54 lakh, totalling around Rs 59 lakh, on account of disallowance of input tax credit. The company says it will take necessary steps and that there is no material impact on its financials, operations, or other activities.
Likely market impact
Small relative to Delhivery's size, around Rs 59 lakh combined demand. Company calls it not material, but it may invite appeal and is worth monitoring.