Announced Thu, 23 Jul · 10:36 IST
GST penalty of Rs 17.75 lakh set aside in appeal, refund ordered
DOMS · 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
-1.5%1-day move
₹2269.00
prior close
₹2271.20
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+0.1+0.1+0.3-1.5-0.4————————
Up moveDown movePending
AI summary
DOMS Industries won its appeal against a GST penalty of Rs 17,75,790 levied by the State Tax Officer in Kashmir for alleged transport of taxable goods without cover of specified documents. The Appellate Authority in Srinagar set aside the allegations and the penalty, and directed the Proper Officer to refund the full amount with applicable interest within 30 days. The appellate proceedings are now concluded with no material impact on operations.
Likely market impact
Positive for shareholders - penalty fully reversed and refund expected within 30 days. Negligible financial impact overall.