Announced Mon, 29 Jun · 18:53 IST
Maruti Suzuki receives GST adjudication order from West Bengal authority
Regulatory & Legal View source PDF
MARUTI · 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
+6.7%1-day move
₹13474.00
prior close
₹13744.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.3-1.1-1.6-0.8+6.7+6.4+6.5+7.4+7.8+1.7+1.2———
Up moveDown movePending
AI summary
Maruti Suzuki received three Adjudication Orders from the West Bengal GST Department for April 2020 to March 2023, confirming a tax demand of about Rs. 34.45 million plus an equal penalty and applicable interest on GST credit availment. A separate demand of Rs. 0.05 million was dropped. The company will appeal to the first appellate authority and states there is no major financial or operational impact.
Likely market impact
Minor tax matter with no material impact on financials. Company plans to appeal against the order.