Just Dial Limited has informed the Exchange about Action(s) taken or orders passed
JUSTDIAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.2 pts less than its Internet & Catalogue Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Just Dial has received an order from the Assistant Commissioner of State Tax, Mazgaon, Mumbai, imposing a penalty of Rs. 8.74 crore under Section 74 of the GST Act. The order also demands additional tax of Rs. 18.89 crore along with applicable interest, taking the total to roughly Rs. 27.63 crore. The allegation relates to excess claim of input tax credit on common services during FY 2019-20. The company has stated it will file an appeal against this order. There is no impact on the company's day-to-day operations or other business activities.
Shareholders should note a potential cash outflow of up to Rs. 27.63 crore if the appeal fails, though the company has indicated it will contest the order. The near-term stock price may see mild negative pressure given the size of the demand, but operations remain unaffected.