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of <h1>GST Seigniorage Fee Challenge Upheld: Temporary Suspension of Recovery, Royalty Dispute Referred to Constitution Bench</h1> HC allowed petitioner's challenge to GST liability on seigniorage fee and quarrying turnover. Court issued directions for objection submission and ... Levy of GST on seigniorage fee and turnover from quarrying - HELD THAT:- Division Bench Judgment in a batch of cases where the lead case is TVL. A. VENKATACHALAM VERSUS THE ASSISTANT COMMISSIONER (ST) [2024 (2) TMI 488 - MADRAS HIGH COURT] held that 'In the cases, where the challenge is made to the show cause notices, the writ petitioners shall submit their objections / representations within a period of four weeks from the date of receipt of a copy of this order.' In view of the said judgment, this petition is liable to be disposed of on the same terms insofar as it relates to the issue of seigniorage fee. Consequently, the petitioner is permitted to submit his reply to the intimation with in a maximum period of four weeks from the date of receipt of a copy of this order. The issue relating to GST on turnover from quarrying shall be proceeded with by both parties in accordance with law. Petition disposed off. The petitioner challenged GST liability on seigniorage fee and quarrying turnover. Referring to a Division Bench judgment, directions were issued including submission of objections within four weeks. No recovery of GST on royalty until Nine Judge Constitution Bench decision. Petitioner allowed to reply to intimation within four weeks. Petition disposed of accordingly.
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