Announced Fri, 10 Jul · 12:17 IST
Navneet Education receives GST summons over Rs 82 lakh ITC inquiry
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NAVNETEDUL · 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
+0.7%1-day move
₹149.00
prior close
₹150.25
base price
In-mkt
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AI summary
Navneet Education has received a GST summons from the Excise and Taxation Department in Mohali under Section 70 of the CGST Act. The inquiry relates to an Input Tax Credit balance of about Rs 81.94 lakh. The company must appear before the authority on July 16, 2026. No demand, penalty, or adverse order has been raised so far. The company says there is no immediate financial impact and is fully cooperating with the authorities.
Likely market impact
Minor tax inquiry with no immediate financial impact. Small amount relative to company size; sentiment may be mildly negative.