Madras HC Remands Assessment, Halts Seigniorage Tax Recovery Pending SC Verdict

Tvl. Manickavasagam S. Vs Proper Officer/Commercial Tax Officer (Madras High Court) Madras HC sets aside assessment order on seigniorage fees and stays enforcement pending the Supreme Court verdict The Madras High Court (Madurai Bench) set aside an assessment order passed under Section 74 of the Tamil Nadu Goods and Services Tax Act, 2017 concerning the levy of GST on seigniorage fees and remanded the matter for fresh consideration. The Court found that although the petitioner had filed a reply to the show cause notice, the assessing authority failed to consider it, resulting in a violation of...