Announced Tue, 14 Jul · 16:33 IST
GST demand of Rs 6.62 lakh set aside in company favour
Regulatory & Legal View source PDF
DICIND · 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
-2.6%1-day move
₹518.60
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.6-2.0-2.0-1.3+1.5+0.5————
Up moveDown movePending
AI summary
DIC India won its appeal before the Additional Commissioner (Appeals), Noida. The original GST demand of Rs 6,61,766 (tax Rs 6,01,606 plus penalty Rs 60,160) for FY 2021-22, related to alleged non-payment of GST on R&D fees recovered from foreign entities via debit notes, has been fully set aside. Company says no financial or operational impact.
Likely market impact
Positive; the demand is fully withdrawn with no liability. Amount is small relative to company size, so limited share price impact expected.