SML Isuzu Limited has informed the Exchange about Action(s) initiated or orders passed by GST Authority
SMLMAH · price
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On the reaction day the stock moved 4.7 pts more than Nifty Microcap 250 and 5.8 pts more than its Agricultural Commercial & Construction Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SML Isuzu has informed exchanges that the GST Authority (Deputy Commissioner of State Tax, Palwal, Haryana) has waived off a total demand of Rs. 0.93 lakhs against the company. The waiver covers interest of Rs. 0.36 lakhs under CGST, Rs. 0.36 lakhs under SGST, and a penalty of Rs. 0.20 lakhs, related to the period April 2019 to March 2020. This follows an earlier order dated 30 August 2024 that had raised the original demand on account of interest and penalty for non-payment of tax under the Reverse Charge Mechanism (RCM). The company received the intimation on 20 August 2025 via email and download from the GST portal.
This is a positive, immaterial development for shareholders — the demand being waived is very small (under Rs. 1 lakh) and removes a minor contingent liability, with no meaningful impact on financials, operations, or stock price.