Yatra Online and unit get GST show cause notices for FY23, demand about 72 crore

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YATRA · price

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

+1.5%Reaction day

₹98.90

prior close

₹100.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%+1.5% vs market

Tour Travel Related Services peers, median of 6sector-0.6%+2.1% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 2.1 pts more than its Tour Travel Related Services 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

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+1.5+0.0+1.5-0.6+2.1

Next day

+2.7+1.3+1.4+0.4+2.3

+2.1+1.1+1.0+0.5+1.6

-3.6-1.7-1.9-0.7-2.9

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15d

-23.0-6.1-16.9-4.7-18.3

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UpDownMarket · Nifty Microcap 250Sector · Tour Travel Related Services peers, median of 6Pending

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

AI summary

Yatra Online and its wholly owned subsidiary Globe All India Services received GST show cause notices for FY 2022-23. Yatra faces a tax demand of 21.36 crore plus interest of 16.98 crore and penalty of 1.52 crore from Maharashtra tax authorities. Globe All India Services faces a demand of 18.53 crore plus interest of 11.42 crore and penalty of 1.85 crore from Karnataka. Combined potential exposure is about 71.66 crore. The company says it has strong grounds to defend and will respond within one month.

Likely market impact

Both matters at notice stage, no penalty yet. Combined potential tax exposure about 72 crore. Company plans to defend, outcome uncertain.