GST tax demand of INR 4.66 crore with equal penalty

Regulatory & Legal View source PDF Explain this filing

ZFCVINDIA · price

Loading chart…

▲ 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

+0.4%Reaction day

₹12651.00

prior close

₹12780.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.0%+0.4% vs market

Auto Components & Equipments peers, median of 109sector-0.4%+0.8% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Smallcap 250 and 0.8 pts more than its Auto Components & Equipments 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

-0.7

10m

-1.2

15m

-1.4

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.4-0.0+0.4-0.4+0.8

Next day

-0.2-0.2-0.0+0.1-0.3

+1.6+0.6+1.0+1.0+0.6

+1.8+0.2+1.7+0.9+1.0

+0.4+0.4+0.0+0.3+0.1

+0.9+1.0-0.2+0.1+0.8

+2.8-0.4+3.2-0.2+2.9

15d

+14.6-1.5+16.1-1.8+16.4

+12.8-5.0+17.8-5.0+17.8

+10.4-5.4+15.8-7.5+18.0

+20.2-3.9+24.2-4.9+25.1

UpDownMarket · Nifty Smallcap 250Sector · Auto Components & Equipments peers, median of 109Pending

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

AI summary

The Jamshedpur tax authority ordered recovery of INR 4,65,90,929 for FY2018-19 to FY2022-23, mainly for excess or ineligible GST credit. It also imposed an equal penalty of INR 4,65,90,929 plus applicable interest. The company received the order on November 7, 2025 and plans to dispute it.

Likely market impact

Potential liability is INR 9.32 crore plus interest. The company reports no material financial or operational impact and will dispute the demand.