Bihar GST notice seeks Rs 23.04 lakh over input tax credit

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Price reactionminutes from the announcement price · days from the prior close

-0.4%Reaction day

₹3390.00

prior close

₹3386.40

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.0%-0.4% vs market

Paints peers, median of 8sector+0.6%-1.0% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Smallcap 250 and 1.0 pts less than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Smallcap 250Sector · Paints peers, median of 8Pending

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

AI summary

The Bihar GST Department issued a tax notice on 30 August 2025, received on 10 September, disallowing input tax credit for April 2021 to March 2022. It seeks Rs 23.04 lakh, comprising Rs 13.16 lakh tax, Rs 8.01 lakh interest and Rs 1.87 lakh penalty. The company is responding, and no final decision has been made.

Likely market impact

The potential liability is Rs 23.04 lakh and appears limited, but the tax credit claim remains at risk until the response is decided.