Announced Wed, 1 Apr · 15:50 IST
GST order disallows input tax credit, demands ~INR 26.38 Lakhs
SWSOLAR · 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
+2.8%1-day move
₹163.41
prior close
₹158.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.1-0.6-0.5-0.3+2.8+1.0+8.3+7.4+11.1+15.8+32.5+29.4+17.2+51.8
Up moveDown movePending
AI summary
Sterling and Wilson Renewable Energy received an order from the Superintendent, CGST, Jaipur, disallowing input tax credit for April 2019 to March 2020. The order demands tax and penalty totaling ~INR 26.38 Lakhs (including penalty of INR 13.19 Lakhs). The company states there is no material impact on operations and is evaluating the order to decide on further action, such as an appeal.
Likely market impact
Small demand relative to company size; no operational impact stated. Potential additional liability if order is upheld on appeal.