Jyoti CNC Automation Limited Receives Favorable Order in GST Appeal
Jyoti CNC Automation Limited reported a significant development in its litigation concerning a Goods and Services Tax (GST) dispute. The company announced that the Commissioner (Appeal), Central GST & Excise, Rajkot, issued an order on May 29, 2026, setting aside an alleged order previously passed by an Additional Commissioner, CGST Commissionerate, Rajkot.The favorable order stems from an appeal filed by the company. The ruling addressed a total demand of ₹ 4,45,59,720/- that had been imposed by the Additional Commissioner, Central GST, Rajkot.
The details regarding the litigation are summarized below:
| Particular | Details |
|---|---|
| Opposite Party | Additional Commissioner, Central GST, Rajkot |
| Authority | Commissioner (Appeal), Central GST & Excise, Rajkot |
| Dispute Summary | The Commissioner (Appeal) set aside the alleged order and demand previously made by the Additional Commissioner, Central GST, Rajkot. |
The outcome of the legal appeal has implications for the company's financial standing. As the entire demand has been dropped, Jyoti CNC Automation Limited is now eligible to receive a refund for the amount that was paid under protest.
JYOTICNC Stock Price Movement
On Friday, Jyoti CNC Automation Limited shares slipped by 8.97% to close at ₹596.00, erasing ₹58.95 from its previous close. The significant selling pressure saw the stock plunge to its 52-week low, recording a substantial total traded volume of 10.15 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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