Punjab GST show cause notice to JSW Dulux over Rs 11.8 lakh ITC claim

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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

-1.4%Reaction day

₹3011.10

prior close

₹3048.40

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.4%-1.7% vs market

Paints peers, median of 8sector-0.0%-1.4% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Smallcap 250 and 1.4 pts less 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

-0.5

10m

-1.2

15m

-1.5

30m

-2.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4+0.4-1.7-0.0-1.4

Next day

+0.3+1.8-1.5+0.5-0.2

+0.6+1.9-1.3+1.6-1.0

-0.6-0.6+0.0-0.3-0.3

+0.2-0.1+0.3-0.4+0.6

+1.8+1.0+0.7-0.8+2.5

+2.9+1.4+1.6+3.9-1.0

15d

—-3.7—+0.0—

—————

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 received a show cause notice from the Punjab GST Department for disallowance of Input Tax Credit for the period April 2022 to March 2023. Total demand is Rs 11.83 lakh, including tax of Rs 6.5 lakh, interest of Rs 4.68 lakh, and penalty of Rs 65,033. The company is preparing its response within the stipulated time.

Likely market impact

Small tax dispute of about Rs 11.8 lakh. Unlikely to materially impact the stock. Company plans to contest the notice.