Announced Fri, 19 Jun · 20:43 IST
GST demand cut from 43.7 lakh to 1.98 lakh after rectification order
Regulatory & Legal View source PDF
WABAG · 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
+4.3%1-day move
₹2000.00
prior close
₹2014.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.7-0.4-0.6+2.0+4.3+4.8+5.3-0.1+0.7+9.5+6.0+3.6——
Up moveDown movePending
AI summary
VA Tech Wabag received a favorable rectification order from UP GST authorities, slashing an earlier demand of about 43.7 lakh rupees (excess ITC claim for FY 2019-20 under Section 74 of CGST Act) to about 1.98 lakh rupees. The original demand was quashed. The revised amount covers basic tax, interest, and penalty, and will be paid by the company. The company states there is no material impact on financial, operations, or other activities.
Likely market impact
Positive outcome - GST demand cut by about 95% to 1.98 lakh rupees. No material impact on operations or financials.