Announced Fri, 19 Jun · 12:11 IST
GST demand notice of about 30.32 lakh received from tax authority
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Price
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Price reaction · full curve 14 horizons · vs prior close
-3.6%1-day move
₹79.90
prior close
₹79.60
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0-0.1-3.6+3.9+5.1-0.5-3.7-3.0-10.5-12.4——
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AI summary
Company received a GST demand notice of INR 30,32,204 from the Deputy Assistant Commissioner (ST), Special Circle, Rajamahendravaram Division, for alleged short payment of output tax covering April 2025 to February 2026, under Section 74A(9)(i) of the CGST/AP GST Act. Management states they have a strong case on merit and do not expect any financial impact. Disclosure was delayed due to an inadvertent oversight by an accounts officer who has been warned.
Likely market impact
Demand is small relative to the company; management expects no material financial hit. Watch for further updates on resolution of the demand.