Receipt of Show Cause Notice from GST
Price
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Jyoti Ltd has received a Show Cause Notice from the GST Department (Office of the Assistant Commissioner of State Tax, Vadodara, Gujarat) on 30th September 2025. The notice pertains to GST Audit Assessment dues for Financial Year 2021-22. The total tax demand, including interest and penalty, is Rs. 27.62 lakhs. The company has stated that it is taking appropriate steps to reply to the notice and believes it has a strong case on merits. It does not foresee any material impact on its financial, operational, or other activities from this matter.
The tax demand of Rs. 27.62 lakhs is relatively small for a listed company, and management is contesting it with confidence. Shareholders are unlikely to see a significant effect on the stock, but the final outcome of the GST proceedings will determine any actual financial hit.