Announced Tue, 14 Jul · 18:27 IST
GST Department appeals against earlier order in Patel Logistics case
Regulatory & Legal View source PDF
PATINTLOG · 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
-2.1%1-day move
₹15.35
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
Patel Integrated Logistics has informed exchanges that the GST Department has filed an appeal with the Commissioner of CGST and Central Excise (Appeals), Thane, against an earlier Order-in-Original dated February 4, 2025, passed by DGGI Mumbai. The company is taking appropriate legal steps. This is a follow-up to a disclosure made on February 5, 2025.
Likely market impact
Tax dispute continues. The department's appeal extends the legal process, creating uncertainty on potential tax liability.