Announced Thu, 2 Jul · 15:32 IST
GST order in company favour, Rs. 116.72 Crore demand fully dropped
Regulatory & Legal View source PDF
LGEINDIA · price
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Price reaction · full curve 14 horizons · vs prior close
-0.0%1-day move
₹1566.00
prior close
₹1567.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
LG Electronics India received a GST order from the Joint Commissioner GST Corporate Circle-2, Greater Noida, dated July 1, 2026, deciding a show cause notice in favour of the company. The notice had alleged excess Input Tax Credit claims for FY 2021-22, with a proposed demand of Rs. 116.72 Crore (Rs. 58.36 Crore principal tax plus Rs. 58.36 Crore penalty). The authority has dropped the entire demand. There is no financial, operational, or other material impact on the company.
Likely market impact
Positive outcome, entire Rs. 116.72 Crore tax demand dropped, removes litigation overhang, no hit to earnings