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of <h1>CESTAT Ahmedabad Refers Pre-Payment Charges Tax Case to Larger Bench</h1> <h3>M/s Small Industries Development Versus CST, Ahmedabad</h3> The Appellate Tribunal CESTAT Ahmedabad referred a case on the taxability of pre-payment charges to the Larger Bench due to conflicting views between ... Taxability - pre-payment charges - difference of opinion - Held that:- The matter has reached before the jurisdictional High Court at Ahmedabad in Housing and Urban Development Corporation Ltd. Vs Commisioner [2012 (7) TMI 1072 - GUJARAT HIGH COURT] - both parties have also agreed that without the final verdict of the jurisdictional High Court, the present reference cannot be decided. Liberty granted to the assessee-Appellants to come again after having the final verdict from the jurisdictional High Court, but within the prescribed time. The Appellate Tribunal CESTAT Ahmedabad addressed the taxability of pre-payment charges by finance providers. A conflicting view existed between Delhi and Ahmedabad benches, leading to a referral to the Larger Bench. The matter was agreed to be pending until the jurisdictional High Court in Ahmedabad provided a final verdict. The assessee-Appellants were granted liberty to return after the High Court's decision, within the specified time if necessary.
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