Demand Proceedings Suspended Because SC Is Yet to Decide GST on Seigniorage Fee

S. Balasubramani Vs State Tax Officer (Madras High Court) The Madras High Court considered a writ petition challenging an assessment order dated 23.02.2026 passed under Section 74 of the Tamil Nadu Goods and Services Tax Act. The dispute concerned whether seigniorage fee amounting to ₹5,20,300 paid by the petitioner could be subjected to GST at the rate of 18%. Both parties informed the Court that the issue is pending before the Supreme Court in Udaipur Chambers of Commerce and Industry and others v. Union of India and others and that an interim order has already been granted by the Supreme ...