GST appeal win: demand reduced to zero

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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

-1.0%Reaction day

₹20.15

prior close

₹20.29

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.0%+1.0% vs market

Garments & Apparels peers, median of 40sector-1.8%+0.8% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 0.8 pts more than its Garments & Apparels 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

-0.6

10m

-0.2

15m

-0.2

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.0-2.0+1.0-1.8+0.8

Next day

-4.0-0.1-3.8-1.2-2.7

-1.9+1.2-3.2-1.1-0.8

-0.7+1.4-2.1-0.1-0.6

-2.0+0.4-2.3-1.8-0.2

-2.7+1.0-3.7-1.3-1.4

-3.2-0.5-2.7-2.3-0.9

15d

-8.4-0.6-7.9-3.8-4.6

-8.7+3.4-12.1-2.5-6.2

—+6.0—-6.2—

—+1.1—-9.8—

UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 40Pending

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

AI summary

Vishal Fabrics won its GST appeal. The Commissioner (Appeals), Central GST, Ahmedabad issued a final order setting the demand to zero. Earlier the company faced a penalty of Rs 24.27 crore (later rectified to Rs 21.36 crore). The company, based on legal advice, believes there is no material financial impact.

Likely market impact

Positive - zero GST demand means no financial liability from this case, removing a major overhang on the stock.