Announced Tue, 7 Jul · 17:39 IST
GST appeal win: demand reduced to zero
Regulatory & Legal View source PDF
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
-4.0%1-day move
₹20.15
prior close
₹20.29
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
——-0.2-0.5-4.0-1.9-0.7-2.0-2.7-3.2————
Up moveDown movePending
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.