Announced Mon, 20 Jul · 11:12 IST
JSW Dulux wins GST appeal, demand reduced to zero
Regulatory & Legal View source PDF
JSWDULUX · 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
-1.8%1-day move
₹3032.00
prior close
₹3018.10
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
———-0.1-1.8+0.6-3.9-3.6-3.4—————
Up moveDown movePending
AI summary
JSW Dulux received an appeal order from the Karnataka GST Department setting the revised demand to zero. The original demand of about INR 1.57 crore (tax, interest, and penalty) for FY 2020-21 disallowance of input tax credit has been annulled.
Likely market impact
Positive for shareholders. Removes a tax liability of about INR 1.57 crore and clears the uncertainty from this dispute.