HCL Infosystems Limited has informed the Exchange about orders passed by CGST Noida
HCL-INSYS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 3.3 pts less than its Computers Hardware & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
HCL Infosystems informed exchanges that it has received a rectification order (DRC-08) from CGST, Noida on June 3, 2025. Back in February 2025, the GST department had raised a demand of ₹80.22 lakhs related to reversal of cesses transitioned into the GST regime, which the company had already paid under protest. The original summary order (DRC-07) had inadvertently confirmed this demand a second time without accounting for the amount already appropriated. The company applied for rectification under Section 161 of the CGST Act, and the tax authority has now accepted the correction. The duplicate demand has been rectified on the GSTN portal as well.
This is a positive development for shareholders — the tax authority has accepted the company's rectification plea, effectively closing a duplicate demand of ₹80.22 lakhs. The company has confirmed there is no material financial or operational impact, so this is largely a housekeeping resolution with no bearing on the stock price.