GST Show Cause Notice for Rs. 10.61 crore Input Tax Credit disallowance

Regulatory & Legal View source PDF Explain this filing

JSWDULUX · price

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▲ 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

-1.6%Reaction day

₹3154.50

prior close

₹3085.30

announcement price

In-mkt

timing

Nifty Smallcap 250market-2.4%+0.8% vs market

Paints peers, median of 8sector-2.6%+1.0% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Smallcap 250 and 1.0 pts more than its Paints 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

+0.1

10m

+0.0

15m

+0.2

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6-2.4+0.8-2.6+1.0

Next day

-2.2-2.6+0.4-2.3+0.1

-2.5-1.8-0.7-1.8-0.7

+1.3-0.3+1.6-1.7+3.0

+0.1-0.3+0.4-2.8+2.9

-0.5-0.4-0.1-1.1+0.6

-0.8-1.0+0.2-3.7+3.0

15d

-4.0-2.3-1.7-3.7-0.3

-3.7-3.9+0.2-5.1+1.3

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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

JSW Dulux has received a GST Show Cause Notice from the Karnataka GST Department seeking about Rs. 10.61 crore towards disallowance of Input Tax Credit for FY23 (April 2022 to March 2023). This comprises Tax of Rs. 6.17 crore, Interest of Rs. 3.82 crore, and Penalty of Rs. 0.62 crore. The company is preparing its response within the stipulated time.

Likely market impact

Matter at initial notice stage with no order passed yet. Potential payout of about Rs. 10.61 crore if upheld. Limited immediate stock impact; outcome depends on response.