Announced Thu, 2 Jul · 22:10 IST
Delhivery gets GST order of about Rs 66 lakh from Tamil Nadu tax office
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
+2.3%1-day move
₹508.25
prior close
₹512.25
base price
After-mkt
timing
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AI summary
Delhivery received an order from the Tamil Nadu Commercial Tax Officer under Section 74 of the CGST Act for FY 2023-24. The order confirms a tax demand of Rs 27.64 lakh, interest of Rs 10.84 lakh, and a penalty of Rs 27.64 lakh, totaling about Rs 66 lakh, due to disallowance of input tax credit. The company stated there is no material impact on its financials, operations, or other activities and will take necessary steps on the order.
Likely market impact
Minor tax order; company says no material financial impact and plans to take next steps. Stock price unlikely to be affected.