Zodiac Energy Limited Receives Favorable Order in GST Proceedings

Zodiac Energy Limited has announced the receipt of a favorable order from the Office of the Assistant Commissioner of State Tax, Gujarat, concluding the Goods and Services Tax (GST) proceedings initia...

Zodiac Energy Limited has announced the receipt of a favorable order from the Office of the Assistant Commissioner of State Tax, Gujarat, concluding the Goods and Services Tax (GST) proceedings initiated against the company. These proceedings were based on an intimation issued under Section 73 of the CGST Act, 2017, pertaining to alleged GST liability for the financial year 2021-22. Following the company's submissions, the competent authority has passed an order that concludes the matter with nil demand and nil liability. Consequently, there is no financial impact on Zodiac Energy Limited. The order, dated December 22, 2025, quashes and sets aside the Show Cause Notice that was issued on September 01, 2025. The notice had alleged discrepancies in Input Tax Credit (ITC) availed by the company during the scrutiny of GST returns for the period of April 2021 to March 2022. The company received the order via email on December 22, 2025, and it was forwarded to the authorized officers on December 24, 2025. The settlement of these proceedings, with the Show Cause Notice being quashed, has no impact on the financial, operational, or other activities of the Company.

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Why is Zodiac Energy Limited in the news today?

Zodiac Energy Limited (ZODIAC) is in the news due to the company received a favorable order with nil demand/liability, indicating a positive resolution to the tax proceedings.

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Zodiac Energy Limited Receives Favorable Order in GST Proceedings

December 24, 2025, 12:51 PM

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Zodiac Energy Limited has announced the receipt of a favorable order from the Office of the Assistant Commissioner of State Tax, Gujarat, concluding the Goods and Services Tax (GST) proceedings initiated against the company. These proceedings were based on an intimation issued under Section 73 of the CGST Act, 2017, pertaining to alleged GST liability for the financial year 2021-22.

Following the company's submissions, the competent authority has passed an order that concludes the matter with nil demand and nil liability. Consequently, there is no financial impact on Zodiac Energy Limited. The order, dated December 22, 2025, quashes and sets aside the Show Cause Notice that was issued on September 01, 2025. The notice had alleged discrepancies in Input Tax Credit (ITC) availed by the company during the scrutiny of GST returns for the period of April 2021 to March 2022.

The company received the order via email on December 22, 2025, and it was forwarded to the authorized officers on December 24, 2025. The settlement of these proceedings, with the Show Cause Notice being quashed, has no impact on the financial, operational, or other activities of the Company.

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