GST order on pre-GST ITC, demand of about 5.97 lakh

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

-0.5%Reaction day

₹2065.00

prior close

₹2052.70

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-1.6% vs market

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250, 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

-0.1

10m

-0.1

15m

-0.1

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-0.5+1.0-1.6

Next day

+1.3+0.8+0.5

-0.0-0.5+0.5

-3.8-0.5-3.2

-4.8+0.8-5.6

-7.2+0.5-7.8

-7.3-2.0-5.3

15d

-22.7-6.4-16.4

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UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Schneider Electric President Systems received a GST Order-in-Original from the Bengaluru Central Tax authority alleging wrong availment of Input Tax Credit (about 5.39 lakh rupees) on reverse charge mechanism transactions for the pre-GST period (Dec 2016 to Jun 2017). Total demand with applicable interest and penalty works out to about 5.97 lakh rupees. The company says this will not materially impact its financials and plans to file an appeal.

Likely market impact

Small demand of about 5.97 lakh rupees; company says no material impact and will contest