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Gujarat HC Restrains GST Order on Corporate Guarantee Dispute Pending Constitutional Challenge

Case Law Details

Case Name
Torrent Investment Pvt. Ltd. Vs Union of India & Ors. (Gujarat High Court)
Date of Judgement/Order
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Torrent Investment Pvt. Ltd. Vs Union of India & Ors. (Gujarat High Court) Gujarat High Court Restrains Final GST Order on Corporate Guarantee Dispute Due to Pending Constitutional Challenge The Gujarat High Court heard a writ petition challenging Rule 28(2) of the CGST/GGST Rules, 2017 and Circulars dated 27.10.2023 and 11.07.2024 relating to levy of GST on corporate guarantees issued by a holding company on behalf of its subsidiaries. The petitioner initially sought to challenge Section 7(1)(c) of the GST Acts read with Schedule I as ultra vires Article 246A of the Constitution but state...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,511

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