Jyoti CNC Automation Limited has informed the Exchange about Action(s) taken or orders passed
JYOTICNC · price
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Jyoti CNC Automation has received a favorable ruling in a GST litigation case. The Commissioner (Appeal), Central GST & Excise, Rajkot, vide order dated May 29, 2026, set aside an earlier order from the Additional Commissioner, CGST, Rajkot. This original order had raised a total demand of ₹4,45,59,720 (approximately ₹4.46 crore) against the company. Since the entire demand has been dropped, the company is now eligible to claim a refund of the amount it had paid under protest. This updates an earlier intimation from November 18, 2025.
This is a positive development for the company as it eliminates a potential liability of over ₹4.4 crore and may result in cash flow relief through GST refund. The resolution removes regulatory uncertainty around this tax dispute.