NIIT wins GST appeal, Rs 8.11 crore demand fully dropped

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

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₹77.09

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+3.7%-2.5% vs market

Education peers, median of 13sector-0.9%+2.1% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.1 pts more than its Education 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

NIIT Limited has won its appeal against a GST demand of Rs 8.11 crore. The Commissioner (Appeals) Gurugram has set aside the original demand order dated February 2025, which related to a mismatch in GST credit for FY 2020-21. The original demand included Rs 3.86 crore tax, Rs 3.86 crore interest, and Rs 0.39 crore penalty. No further action is required from the company.

Likely market impact

Positive: Rs 8.11 crore tax demand fully set aside, no financial liability from this order.