G R Infraprojects: High Court Quashes GST Show Cause Notice

Court Stay ObtainedRegulatory & Legal View source PDF Explain this filing

GRINFRA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.2%Reaction day

₹778.75

prior close

₹777.35

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.7%+1.9% vs market

Civil Construction peers, median of 96sector-1.6%+1.8% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 1.8 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

-0.5

15m

-0.6

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.2-1.7+1.9-1.6+1.8

Next day

+0.2-4.2+4.4-4.8+5.0

-1.8-5.2+3.5-6.0+4.3

+2.6-7.4+10.0-8.3+10.9

+0.0-7.0+7.1-7.7+7.7

-2.4pendingpending-7.1+4.7

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15d

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 96Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

G R Infraprojects had received a GST Show Cause Notice (Form DRC-01) from the Joint Commissioner of State Tax, Ratlam Division, Indore, under Section 74 of the CGST Act, 2017. The company filed a writ petition at the Madhya Pradesh High Court. The court has now quashed the notice and the related proceedings. No penalty or tax liability from this notice applies now.

Likely market impact

Positive: potential tax demand from this notice is removed, no financial liability for the company