Indag Rubber gets GST show cause notice for FY23, dues about Rs 25 lakh

Regulatory & Legal View source PDF Explain this filing

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

-4.4%Reaction day

₹117.20

prior close

₹115.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-4.2% vs market

Tyres & Rubber Products peers, median of 16sector+0.3%-4.6% vs sector

On the reaction day the stock moved 4.2 pts less than Nifty Microcap 250 and 4.6 pts less than its Tyres & Rubber Products 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

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.4-0.1-4.2+0.3-4.6

Next day

-2.7+0.3-3.0-0.2-2.6

-4.0+1.6-5.6+1.5-5.5

-7.4+0.1-7.5+0.1-7.5

-7.0+0.3-7.4+0.2-7.2

-11.1-1.2-9.8-0.5-10.6

-11.3-0.5-10.8-0.6-10.7

15d

-10.8-2.2-8.6-1.5-9.3

-11.3-6.6-4.7-2.0-9.3

—————

UpDownMarket · Nifty Microcap 250Sector · Tyres & Rubber Products peers, median of 16Pending

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

AI summary

Indag Rubber received a show cause notice from Karnataka commercial tax authorities under Section 73 of the GST Act for FY 2022-23. The notice flags possible short payment of tax or excess input tax credit, with total dues of about Rs 24.99 lakh including interest. Company says no major impact on financials or operations and will respond within prescribed timelines. Section 73 covers non-fraud, non-wilful cases.

Likely market impact

Minor tax exposure of about Rs 25 lakh. Company says no major financial impact. Watch the response and outcome.