GST Show Cause Notice for INR 46.9 crore demand on ITC classification

Regulatory & Legal View source PDF Explain this filing

JUBLFOOD · 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

-2.6%Reaction day

₹431.80

prior close

₹427.90

announcement price

In-mkt

timing

Nifty Midcap 150market-0.5%-2.1% vs market

Restaurants peers, median of 11sector-1.4%-1.2% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Midcap 150 and 1.2 pts less than its Restaurants 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

-0.3

10m

-0.3

15m

-0.4

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.6-0.5-2.1-1.4-1.2

Next day

-0.6-0.1-0.6-2.5+1.9

-2.0-0.5-1.5-2.5+0.5

-3.1-0.9-2.2-2.4-0.7

-1.6-0.4-1.3-2.5+0.9

-1.6+0.0-1.6-2.5+0.9

-4.4-2.0-2.4-4.8+0.4

15d

+7.8+0.8+7.0+2.6+5.2

+16.7+1.1+15.7+13.2+3.6

+7.9-3.5+11.4+13.0-5.1

-1.5-5.8+4.3+7.3-8.8

UpDownMarket · Nifty Midcap 150Sector · Restaurants peers, median of 11Pending

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

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.