GST order confirms about Rs 15.4 crore demand on WeWork India for ITC mismatch

Litigation LossRegulatory & Legal View source PDF Explain this filing

WEWORK · price

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

+0.6%Reaction day

₹582.35

prior close

₹583.60

announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.9%+1.5% vs market

Diversified Commercial Services peers, median of 68sector-0.8%+1.4% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.4 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 68Pending

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AI summary

WeWork India received an order from the Joint Commissioner of Central GST, Noida, disallowing input tax credit for FY 2021-22 (about Rs 6.23 crore) and FY 2022-23 (about Rs 1.91 crore), along with interest of about Rs 6.43 crore and penalty of about Rs 81.44 lakh, totaling about Rs 15.38 crore. The order relates to allegedly ineligible and unreconciled ITC under Section 73 of the CGST Act. The company says it will appeal before the Commissioner of Central GST Appeals, Noida, and does not currently expect any impact on financials or operations.

Likely market impact

Pending litigation under appeal. Total demand about Rs 15.4 crore including interest and penalty. Company to challenge; no immediate financial impact claimed.