GST demand of about Rs 42 crore raised on company, to appeal

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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

-1.0%Reaction day

₹314.95

prior close

₹316.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-1.5% vs market

Heavy Electrical Equipment peers, median of 29sector+0.7%-1.8% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.8 pts less 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

-0.3

10m

-0.3

15m

-0.0

30m

-1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.0+0.4-1.5+0.7-1.8

Next day

-0.7+0.7-1.4+2.4-3.1

+0.7+1.2-0.5+1.6-1.0

+0.1+0.6-0.5+1.5-1.4

-2.8-0.3-2.5+0.1-2.9

+1.2-0.7+1.8-1.1+2.3

+1.6+2.0-0.4+1.6-0.0

15d

+8.1+2.7+5.5+1.6+6.6

-2.1-2.3+0.2-5.5+3.4

+5.8+0.6+5.2-1.0+6.8

+47.3-8.3+55.6-8.0+55.3

UpDownMarket · Nifty Microcap 250Sector · Heavy Electrical Equipment peers, median of 29Pending

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

AI summary

Central GST authority has imposed a demand order on GE Power India for alleged non-reporting of GST on advances received for specified contracts in FY 2018-2021. Order includes tax of about Rs 7.8 lakh, interest of about Rs 9.5 crore, and penalty of about Rs 32 crore, totaling roughly Rs 41.6 crore. Company says GST liability was already paid when invoices were issued. GE Power plans to appeal the order.

Likely market impact

Material adverse tax demand, but appeal pending. Outcome uncertain for shareholders.