Madras HC Defers GST on Seigniorage Fee, Lease: Awaiting SC Ruling

C. Srinivasa Moorthy Vs Deputy State Tax Officer (Madras High Court) In the case of C. Srinivasa Moorthy vs. Deputy State Tax Officer, the petitioner challenged an intimation regarding GST liability imposed on seigniorage fee and mining lease amounts paid to the Government under applicable GST laws. Here’s a detailed summary of the case: Background: The petitioner contested the communication of GST liability on payments made for seigniorage fee and mining lease to the Government. The petitioner’s argument rested on Notification No.13/2017 – Central Tax (Rate), which excludes GST ...