GST Not Applicable Due to Completed Auction Sale Before July 2017 despite delayed Payment

Purushottam Jairam & Company Vs State of Maharashtra (Bombay High Court) The Bombay High Court considered a petition concerning the applicability of tax laws to timber purchased through e-auctions conducted in April and May 2017. The petitioner had participated in e-auctions held on 17 April 2017 and 17 May 2017 for purchasing timber logs. The governing terms and conditions, issued via a circular dated 28 July 2016, required payment of 25% of the sale price along with proportionate Forest Development Tax within seven days, with a possible extension of 23 days subject to 18% interest. The r...