GST order from Rajasthan tax authority for FY2019; company to appeal

Regulatory & Legal View source PDF Explain this filing

ICICIPRULI · price

Loading chart…

▲ 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

+0.4%Reaction day

₹650.75

prior close

₹648.05

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.4%+0.8% vs market

Life Insurance peers, median of 5sector-0.4%+0.8% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Midcap 150 and 0.8 pts more than its Life Insurance 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

+0.4

10m

+0.4

15m

+0.4

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.4-0.4+0.8-0.4+0.8

Next day

+0.7-0.6+1.3-0.3+1.0

+2.5+0.4+2.1+0.4+2.2

+3.5+0.8+2.7+0.4+3.1

+4.2+1.7+2.5+0.7+3.6

+5.1+1.6+3.4+1.7+3.4

+5.5+1.9+3.7+2.9+2.6

15d

+0.1-3.9+3.9-3.2+3.2

-3.2-3.2-0.0-3.0-0.2

+0.5-3.2+3.8-1.2+1.7

-21.5-12.4-9.0-11.8-9.7

UpDownMarket · Nifty Midcap 150Sector · Life Insurance peers, median of 5Pending

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

AI summary

ICICI Prudential Life Insurance received a GST order under Section 74 of the GST Act from the Deputy Commissioner of State Tax, Rajasthan on December 26, 2025, for FY2019. The order upholds a demand for reversal of input tax credit. Total financial implication: about Rs 1.35 crore (GST Rs 41.14 lakh, interest Rs 53.07 lakh, penalty Rs 41.14 lakh). The company states no impact at this stage and will file an appeal before the Commissioner (Appeals) within prescribed timelines.

Likely market impact

Adverse GST order of about Rs 1.35 crore for FY2019; company will appeal, so no immediate financial impact. Small amount relative to company size.