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Zodiac Energy has achieved a significant victory as the Gujarat High Court set aside a substantial tax demand. Tax authorities had sought higher Goods and Services Tax (GST) at 18% on the company's solar installation contracts, arguing they were 'works contracts,' instead of the 5% applied for 'composite supplies.' This favorable ruling nullifies the earlier tax notices, interest, and penalties, effectively removing a potential financial liability and enhancing certainty for the company. This positive outcome directly benefits shareholders.