Order passed by the Superintendent service tax matter
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JSL Industries informed BSE about an order passed by the Superintendent of CGST & Central Excise, Vadodara-1, dated March 13, 2026. The order follows a remand from CESTAT Ahmedabad for a fresh decision in a service tax case that dated back to 2019. The dispute related to whether service tax was payable on legal and professional expenses booked by the company under the reverse charge mechanism. Importantly, the Superintendent ruled fully in the company's favour, and the entire service tax demand along with interest and penalty has been dropped. The company has stated there are no financial implications from this order.
Positive for shareholders - the company has won the service tax dispute with no financial liability, removing an old overhang from its books. This is a clean resolution in favour of JSL Industries with no out-of-pocket cost.