Maruti Suzuki receives West Bengal GST order, plans appeal

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Price reactionminutes from the announcement price · days from the prior close

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₹16295.00

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.4%+0.1% vs market

Passenger Cars & Utility Vehicles peers, median of 6sector-0.2%+0.7% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty 100 and 0.7 pts more than its Passenger Cars & Utility Vehicles 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

The West Bengal GST authority issued an order over GST credit claimed from April 2018 to March 2023. It demands Rs 0.02 million in tax, Rs 1.22 million in interest and Rs 1.20 million in penalty. Maruti Suzuki received it on October 16, 2025 and will appeal.

Likely market impact

The total demand is Rs 2.44 million, with no major financial or operational effect. The planned appeal leaves some tax uncertainty for shareholders.