Nila Infrastructures Limited has informed the Exchange regarding 'update'.
NILAINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 0.9 pts less than its Residential Commercial Projects 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.
Nila Infrastructures has won its appeal against the CGST Department in Jodhpur. The Commissioner (Appeals) CGST Jodhpur, vide order dated 27 February 2025 (received on 13 March 2025), allowed the company's appeal and set aside the earlier order passed by the Assistant Commissioner CGST Jodhpur. The original order had disallowed Input Tax Credit (ITC) of Rs 50,50,133 and imposed an equivalent penalty of Rs 50,50,133, along with interest, alleging wrongful availment in TRAN-1 under Sections 140(3) and 142(11)(c) of the CGST Act, 2017. With the appellate order in its favour, the company is no longer required to pay the disallowed ITC amount, penalty, or interest. The matter stands fully closed.
Positive for shareholders — the company is relieved of a disputed tax demand of roughly Rs 50.5 lakh plus an equal penalty and interest, removing a tax liability overhang. The closure eliminates earnings risk from this particular dispute.