News Stocks JSL Industries Receives Favorable CESTAT Order in Service Tax Dispute Worth Rs.13.31 LakhJSL Industries Receives Favorable CESTAT Order in Service Tax Dispute Worth Rs.13.31 Lakh
JSL Industries Limited received a favorable order from CESTAT Ahmedabad on January 23, 2026, in a service tax case involving director remuneration. The tribunal set aside a service tax demand of Rs.13,30,501/- on Rs.89,77,500/- paid to Whole Time Director Smt. T.R. Amin during October 2015 to June 2017. The company disclosed this positive development to BSE under regulatory requirements, stating the matter was strong on merits.
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JSL Industries Limited has received a favorable order from the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) Ahmedabad in a service tax dispute case. The company disclosed this development to BSE Limited on January 24, 2026, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Case Details and Background
The service tax dispute pertained to remuneration paid by JSL Industries to Smt. T.R. Amin, who served as Whole Time Director of the company. The case covered the period from October 2015 to June 2017, during which the director received total remuneration of Rs.89,77,500/-.
| Case Parameter: | Details |
|---|---|
| Opposing Party: | Commissioner, CGST & Central Excise-VADODARA-I |
| Tribunal: | CESTAT Ahmedabad |
| Case Number: | SERVICE TAX/0010449/2020 |
| Order Date: | January 23, 2026 |
| Period Covered: | October 2015 to June 2017 |
Financial Implications
The original demand raised by the tax authorities included service tax of Rs.13,30,501/- on the remuneration amount. However, CESTAT Ahmedabad ruled in favor of JSL Industries, setting aside the entire service tax demand.
| Financial Details: | Amount (Rs.) |
|---|---|
| Director Remuneration: | 89,77,500/- |
| Service Tax Demanded: | 13,30,501/- |
| Amount Set Aside: | 13,30,501/- |
Tribunal's Decision
The CESTAT Ahmedabad concluded that the remuneration paid to Smt. T.R. Amin in her capacity as Whole Time Director was not liable to service tax. The company stated that the matter was very strong on merits, which ultimately led to the favorable outcome.
Regulatory Compliance
JSL Industries fulfilled its disclosure obligations by informing BSE Limited about this development. The disclosure was made pursuant to SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155/2024 dated November 11, 2024, which requires companies to provide additional details regarding litigation matters. Company Secretary and Compliance Officer Yogiraj Hemant Atre signed the disclosure document on behalf of the company.
Historical Stock Returns for JSL Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.00% | -5.64% | -6.67% | -28.12% | -31.49% | +1,144.31% |
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