Non issuance of Form ‘F’ on Inter-State Stock Transfers due to default in paying Central Sales Tax

HDFC Bank Limited Vs Commissioner DVAT of Trade And Taxes & Anr (Delhi High Court) Conclusion: Form ‘F’ was not issued in respect of inter-state stock transfers by assessee-bank due to default in paying Central Sales Tax and the order of Supreme Court restraining the respondents from taking any kind of coercive action against assessee for recovering the said demands could not ipso facto operate against the demand for the other financial years and on other issues. Held: Assessee contended that as a part of its business operation, from April 2016 until June 2017, assessee moved ̶...