Bihar GST authority raises about Rs 95 lakh demand for FY22, company to appeal

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+2.8% vs market

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On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 1.9 pts more than its Stationary peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Kokuyo Camlin received a GST assessment order from the Bihar tax authorities for FY 2021-22, raising a total demand of about Rs 95.4 lakh. This breaks down into Rs 54.2 lakh in tax, Rs 35.8 lakh in interest, and Rs 5.4 lakh in penalty. The order was passed without giving the company a personal hearing. The company says there is no material impact on financials or operations and will file an appeal with the Commissioner of Appeals.

Likely market impact

Minor tax demand of about Rs 95 lakh, well within manageable limits. Company plans to appeal. Negligible impact on financials stated. Watch appeal outcome.