Announced Sat, 4 Jul · 20:14 IST
JK Cement gets big relief in GST appeals, most demand dropped
Regulatory & Legal View source PDF
JKCEMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹5493.00
prior close
₹5535.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.7-2.2-2.0-1.4-1.9-2.8-2.2-1.4-2.1-1.2+4.4———
Up moveDown movePending
AI summary
JK Cement got favorable GST appellate orders from SGST authority in Kota for FY 18-19 and FY 20-21. Original demands totaling about Rs 10.28 crore were largely dropped. Only small amounts were confirmed, Rs 9.83 lakh plus Rs 65,984, along with minor penalties. Company says no major financial impact and will appeal the remaining small amounts before GSTAT.
Likely market impact
Mostly positive outcome. Over 99 percent of total tax demand dropped, so minimal financial impact and no hit to operations.