Exicom Tele-Systems Limited has informed the Exchange about favourable order passed by Court of the Joint Commissioner (Appeal), State Tax, Haldwani, Uttarakhand

Exicom Tele-Systems has received a favourable appellate order in a GST tax dispute. The company had earlier received an order from the Assistant Commissioner, State Tax Department, Rudrapur, imposing confiscation and penalty of ₹90,11,224 under Section 130 of the GST Act. The company challenged this order by filing an appeal, and the Court of Joint Commissioner (Appeal), State Tax, Haldwani has now allowed the appeal and set aside the earlier order. The penalty and all consequences from the original order stand nullified. The company has confirmed there is no financial impact from this appellate decision.