Zodiac Energy Files Appeal Against Tax Demand, Seeks Relief
Zodiac Energy Limited is contesting a tax demand for FY 2018-19. The company filed a Special Civil Application on March 03, 2026, and an appeal on March 13, 2026, seeking to set aside the demand for CGST, SGST, and IGST, along with interest and penalties.
The litigation involves tax, interest, and penalty demands, which could have a financial impact if the company does not succeed in its appeal. However, the company's confidence in similar past cases provides some mitigation.
The company is actively pursuing legal recourse to contest a tax demand. While the outcome is uncertain, the proactive steps taken suggest a neutral stance as the company is defending its position.
Zodiac Energy Limited has announced a significant development in its ongoing litigation concerning tax demands.
A Show Cause Notice dated June 30, 2025, was issued by the Assistant Commissioner of State Tax, Ahmedabad, alleging a demand for Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), and Integrated Goods and Services Tax (IGST) for the Financial Year 2018-19.
In response to this alleged demand, the Company filed a Special Civil Application before the Hon’ble High Court of Gujarat on March 03, 2026, seeking appropriate relief, including a stay on further proceedings. Furthermore, on March 13, 2026, the management decided to file an appeal with the Deputy Commissioner of State Tax (Ahmedabad) to seek the setting aside and quashing of the demand for tax, interest, and penalty. The company believes this case is similar to a previous matter where the Hon’ble High Court of Gujarat, on July 17, 2025, had quashed a similar show cause notice and order-in-original on identical facts and legal grounds.
The company cited unavoidable procedural formalities and internal administrative processes as reasons for the delay in disclosing the filing of the Special Civil Application on March 03, 2026.
What to do with a filing like this
Zodiac Energy Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Zodiac Energy Limited. Read the original for the full detail.