Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about General Updates
IRCTC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts more than Nifty Midcap 150 and 0.6 pts more than its Tour Travel Related Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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IRCTC has received an Order-In-Appeal from the Joint Commissioner, CGST Appeals-II, Delhi, dated July 2, 2025, related to a Show Cause Notice originally issued on November 7, 2024. The order pertains to Financial Year 2017-18 and involves alleged availment of ineligible Input Tax Credit (ITC) under Tran 1. The total demand raised is ₹184.88 Lakhs, which includes a penalty of ₹95.88 Lakhs. The company's first appeal has been rejected in this order, but IRCTC stated it plans to contest the demand further before the GST Appellate Tribunal within the legal timelines.
The financial exposure of ₹184.88 Lakhs is relatively small compared to IRCTC's overall size and is unlikely to materially affect operations or stock price. However, the case highlights an ongoing tax dispute that could result in a liability if the appellate tribunal also rules against the company.