Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jyoti Limited has received an order from the Office of the Assistant Commissioner of State Tax (Enforcement), Vadodara, for recovery of allegedly wrongful Input Tax Credit claimed during FY 2018-19. The dispute relates to purchases made from a vendor called Saisons Trade & Industry Pvt Ltd. The total tax demand, including interest and penalty, is Rs. 55.74 lakhs. The company received the order on 19th May 2025 and plans to file an appeal, stating it has a strong case on merits and does not expect any material impact on its financials or operations.
The demand amount is relatively small for the company, and management expects no material financial or operational impact. However, the stock could see minor negative sentiment if the appeal is unsuccessful, potentially leading to a higher payout.