Announced Tue, 14 Jul · 12:07 IST
GST Show Cause Notice for INR 46.9 crore demand on ITC classification
Regulatory & Legal View source PDF
JUBLFOOD · 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
-0.6%1-day move
₹431.80
prior close
₹427.90
base price
In-mkt
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AI summary
Jubilant FoodWorks received a GST Show Cause Notice proposing a demand of about INR 46.9 crore. The notice alleges Input Tax Credit was reversed in the wrong table while filing GST returns. The company says this is a classification issue with no actual financial impact and plans to file detailed objections within the prescribed timeline. It expects the demand to be dropped and does not anticipate any material financial impact on operations.
Likely market impact
Minor concern; company says no material financial impact expected and plans to contest the demand.