Announced Fri, 3 Apr · 16:21 IST
GST demand order of ₹2.81 lakh for alleged duplicate E-Way Bills
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
+4.6%1-day move
₹487.00
prior close
₹498.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+1.8+1.6-0.4+4.6+5.7+4.9+7.6+8.3+11.9+8.0+9.2+4.7+6.8
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AI summary
DIC India received a GST demand order of ₹2,81,472 (tax ₹1,40,736 + penalty ₹1,40,736 + applicable interest) from the Superintendent of GST, Range-III Ambattur Division, Tamil Nadu. The order, issued under Section 74 of CGST/TNGST Act, relates to alleged duplicate generation of E-Way Bills during FY 2019-20 to FY 2021-22. The company says there is no material impact on its financial, operational, or other activities and is reviewing the order with consultants to decide on next steps.
Likely market impact
Minimal impact — ~₹2.8 lakh demand is small. Company is reviewing the order; likely a non-event for shareholders.