SCN received from GST Department
MCX · 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 more than Nifty Midcap 150 and 0.6 pts more than its Capital Markets 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.
MCX received a Show Cause Notice from the GST Department on September 18, 2025, alleging excess claim of Input Tax Credit (ITC) of approximately Rs. 3.84 crore for FY 2021-22. The department has proposed levying interest of about Rs. 3.05 crore and a penalty of around Rs. 38.38 lakh under Section 73(1) of the GST Act, 2017. The total potential financial exposure is roughly Rs. 6.81 crore. The company has stated there is no material impact on its financials or operations and is in the process of responding to the notice.
The potential financial liability is modest relative to MCX's size and the company has confirmed no material impact, so near-term shareholder risk appears limited. However, investors should watch the resolution as it could lead to an out-of-pocket payment if the notice is upheld.