Announced Tue, 23 Jun · 18:11 IST
GST appeal setback on INR 2.03 Crore ITC disallowance
Regulatory & Legal View source PDF
NILAINFRA · price
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Price reaction · full curve 14 horizons · vs prior close
-2.7%1-day move
₹7.91
prior close
₹7.85
base price
After-mkt
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+0.1+0.6+0.6+1.0-2.7-4.0-6.4-4.6-3.4-3.2-9.0-7.1——
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AI summary
Nila Infrastructures received an adverse order from the Central GST Appellate Commissioner in Ahmedabad. The appeal filed by the company against disallowance of Input Tax Credit was set aside. The order, dated 18 June 2026, involves a total tax liability of INR 2.03 Crore. The company plans to challenge the order further before relevant authorities. Management states there is no material impact on financials or operations.
Likely market impact
Minor setback on INR 2.03 Crore GST demand. Company will appeal further. Management says no material impact.