{"id":282080,"date":"2026-10-01T09:33:58","date_gmt":"2026-10-01T04:03:58","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=282080"},"modified":"2026-10-01T09:33:58","modified_gmt":"2026-10-01T04:03:58","slug":"mcx-share-price-gst-demand-notice","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/mcx-share-price-gst-demand-notice\/","title":{"rendered":"MCX Gets a Rs 98 Crore GST Demand for FY23, but the Stock Still Trades Near Its 52-Week High"},"content":{"rendered":"

MCX Rs 3,300, flat (1 Oct, 9:13 AM). GST Show Cause Notice: Rs 54.08 crore tax demand plus Rs 43.82 crore interest for FY23, alleging short-paid tax or wrong input credit. P\/E 54.58.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

The MCX share price was Rs 3,300 at 9:13 AM on 1 October 2026, little changed, after the Multi Commodity Exchange of India disclosed it has received a Show Cause Notice from the GST Department demanding tax of Rs 54.08 crore along with interest of Rs 43.82 crore for financial year 2023. The GST department has alleged that tax was not paid or was short-paid, or that input tax credit was wrongly availed or utilised, during that period. A Show Cause Notice is a preliminary step in tax proceedings that gives the company an opportunity to respond before any final demand is confirmed, so this is not yet a settled liability. MCX trades at a P\/E of 54.58, close to the exchange industry average of 52.33, with the stock near its 52-week high.<\/p>\n<\/div>\n

Multi Commodity Exchange of India Limited disclosed that it has received a Show Cause Notice from the GST Department, demanding tax of Rs 54.08 crore along with interest of Rs 43.82 crore, relating to financial year 2023. The department has alleged that tax was not paid, was short-paid, or that input tax credit was wrongly availed or utilised during that period.<\/p>\n

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The MCX share price showed little reaction to the notice, trading flat near Rs 3,300. This article covers what the notice means, the stock’s current levels, and the risks for investors.<\/p>\n

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