GST authority orders INR 2.1 crore tax plus equal penalty for FY 2020-21

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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

+0.5%Reaction day

₹658.00

prior close

₹656.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+0.6% vs market

Heavy Electrical Equipment peers, median of 34sector-0.2%+0.6% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.6 pts more than its Heavy Electrical Equipment 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

+0.9

10m

+1.2

15m

+0.7

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5-0.2+0.6-0.2+0.6

Next day

-0.8-0.3-0.4-0.8+0.1

-0.9-0.2-0.6-0.4-0.4

-5.8-3.5-2.3-4.9-0.9

-6.2-3.6-2.5-5.4-0.8

-5.1-2.8-2.3-2.8-2.2

+4.7-1.4+6.1-1.9+6.6

15d

+3.8-3.0+6.8-4.4+8.2

-0.5-4.4+4.0-5.7+5.3

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UpDownMarket · Nifty Microcap 250Sector · Heavy Electrical Equipment peers, median of 34Pending

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

AI summary

GE Power India received a GST order dated 8 Sep 2026 from the Assistant Commissioner in Bhubaneswar for FY 2020-21. The order demands about INR 2.1 crore in tax and an equal amount as penalty, plus interest, alleging short payment of GST on sales in Odisha under Section 74 of the CGST Act. The company states this has no material financial or operational impact and plans to file an appeal.

Likely market impact

Small in absolute terms; company says no material impact and will appeal, so near-term financial effect looks limited.