Zodiac Energy Limited Receives Favorable Order in GST Proceedings
Zodiac Energy Limited received a favorable order from the Assistant Commissioner of State Tax, Gujarat, concluding GST proceedings for FY 2021-22. The order quashed the Show Cause Notice, resulting in nil demand and nil liability, with no financial impact on the company. The proceedings concerned alleged GST discrepancies.
The outcome of the proceedings has no financial impact on the company, hence the impact is assessed as low.
The company received a favorable order with nil demand/liability, indicating a positive resolution to the tax proceedings.
Zodiac Energy Limited has announced the receipt of a favorable order from the Office of the Assistant Commissioner of State Tax, Gujarat, concluding the Goods and Services Tax (GST) proceedings initiated against the company. These proceedings were based on an intimation issued under Section 73 of the CGST Act, 2017, pertaining to alleged GST liability for the financial year 2021-22.
Following the company's submissions, the competent authority has passed an order that concludes the matter with nil demand and nil liability. Consequently, there is no financial impact on Zodiac Energy Limited. The order, dated December 22, 2025, quashes and sets aside the Show Cause Notice that was issued on September 01, 2025. The notice had alleged discrepancies in Input Tax Credit (ITC) availed by the company during the scrutiny of GST returns for the period of April 2021 to March 2022.
The company received the order via email on December 22, 2025, and it was forwarded to the authorized officers on December 24, 2025. The settlement of these proceedings, with the Show Cause Notice being quashed, has no impact on the financial, operational, or other activities of the Company.
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Zodiac Energy Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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