GST appeal rejected; Rs 10.08 lakh liability plus interest upheld

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

-2.8%Reaction day

₹1157.00

prior close

₹1163.80

announcement price

After-mkt

timing

Nifty Smallcap 250market-1.1%-1.6% vs market

Heavy Electrical Equipment peers, median of 34sector-2.1%-0.7% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Smallcap 250 and 0.7 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.8

10m

-1.0

15m

-1.4

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.8-1.1-1.6-2.1-0.7

Next day

-1.5-3.4+1.9-5.6+4.1

-1.5-4.4+3.0-6.8+5.3

-3.9-7.1+3.2-9.5+5.6

-1.9-6.1+4.1-8.8+6.9

-0.9-4.0+3.1-5.9+5.0

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15d

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UpDownMarket · Nifty Smallcap 250Sector · Heavy Electrical Equipment peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Schneider Electric Infrastructure has received an Order-in-Appeal from the CGST Joint Commissioner rejecting its appeal against a July 2024 order. The matter involves transitional input tax credit of Rs 5,04,071 for FY 2017-18, now held inadmissible. Total liability is Rs 10,08,142 (Rs 5 lakh demand plus equal penalty) plus interest. The company says there is no material impact on financials or operations and is evaluating further legal options.

Likely market impact

Minor negative. About Rs 10 lakh liability plus interest, no material impact per company. Further legal remedy being evaluated.