Announced Thu, 30 Apr · 08:35 IST
GST demand order of ~₹32.86 cr; company to appeal
SAILIFE · 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
+3.6%1-day move
₹1054.00
prior close
₹1059.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9+0.6+1.1+2.3+3.6+2.9+2.5+3.2+6.1+3.0+4.9+8.2+17.4—
Up moveDown movePending
AI summary
A GST appellate authority in Kalaburagi has ordered Sai Life Sciences to pay ~₹16.28 cr in IGST, ~₹13.32 cr in interest, and ~₹3.26 cr in penalty (total ~₹32.86 cr) for FY 2021-22, citing alleged excess input tax credit claimed in GSTR-3B vs GSTR-2A. The company plans to appeal at the Tribunal and expects a favourable outcome.
Likely market impact
Adverse tax order; company plans to appeal and expects no material financial impact on operations or financials.