SC directs state to refund excess Sales Tax Collected

Corporation Bank Vs Saraswati Abharansala And Another (Supreme Court of India) Explore the Supreme Court judgment on Corporation Bank vs. Saraswati Abharansala regarding excess Sales Tax collection. Learn how the retrospective effect of a notification led to a rate reduction, compelling the state to refund the excess amount. Discover the legal implications, the court’s interpretation, and the directive for the state to refund the tax with interest. Stay informed about key legal precedents and the principles of statutory construction. The first respondent is a dealer in bullion gold. It e...