Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Secured creditor has priority over Sales Tax Department for recovering dues from borrower/entity. Section 26E of SARFAESI Act and Section 38 of 2002 Act considered. Sales Tax Department must attach immovable property and issue proclamation as per law before enforcing priority over secured creditor. Mere communication to revenue authorities insufficient. Without valid attachment order and proclamation, Sales Tax Department cannot claim precedence over secured creditor's dues u/s 26E of SARFAESI Act. Secured creditor's petition allowed to proceed with enforcement of security interest over assets.
Secured creditor has priority over Sales Tax Department for recovering dues from borrower/entity. Section 26E of SARFAESI Act and Section 38 of 2002 Act considered. Sales Tax Department must attach immovable property and issue proclamation as per law before enforcing priority over secured creditor. Mere communication to revenue authorities insufficient. Without valid attachment order and proclamation, Sales Tax Department cannot claim precedence over secured creditor's dues u/s 26E of SARFAESI Act. Secured creditor's petition allowed to proceed with enforcement of security interest over assets.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
