GST Show Cause Notice for FY 2022-23 Excess ITC Claim

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VIKRAN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.3%Reaction day

₹56.28

prior close

₹56.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-0.1% vs market

Civil Construction peers, median of 99sector-0.2%-0.1% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.1 pts less than its Civil Construction peers, 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

+0.0

10m

+0.3

15m

+1.0

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.3-0.1-0.1-0.2-0.1

Next day

-1.6+0.3-1.9+0.0-1.6

-0.1+1.6-1.7+0.6-0.7

+8.8+0.1+8.7-1.1+9.9

+4.3+0.3+4.0-1.1+5.4

+2.1-1.2+3.4-2.5+4.7

+5.3-0.5+5.8-3.3+8.6

15d

+10.3-2.2+12.5-3.4+13.7

-2.0-6.6+4.6-7.7+5.7

—————

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 99Pending

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

AI summary

Vikran Engineering received a GST Show Cause Notice (Form GST DRC-01) from the Indore CGST division alleging excess Input Tax Credit availed during FY 2022-23. Tax demand raised is Rs. 1.71 crore with an additional penalty of Rs. 17.12 lakh. The company states no material financial or operational impact is expected and will respond within the stipulated period.

Likely market impact

Minor tax dispute; company says no material impact. Watch for company response and final outcome.