Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
HC dismissed the petition regarding GST rate applicability. The court held that the GST rate for works contract services remained 18% at the time of tender submission, as per SRO-GST-11 dated 8th July, 2017. The subsequent notification reducing the rate to 12% on 21st September 2017 would apply prospectively. Special Condition 49 stipulates that tender rates are inclusive of taxes prevailing on the last date of tender receipt. The court found no grounds to apply the reduced GST rate retrospectively, emphasizing that the original 18% rate was applicable when the tender was submitted. The petition lacks merit and was consequently dismissed.
HC dismissed the petition regarding GST rate applicability. The court held that the GST rate for works contract services remained 18% at the time of tender submission, as per SRO-GST-11 dated 8th July, 2017. The subsequent notification reducing the rate to 12% on 21st September 2017 would apply prospectively. Special Condition 49 stipulates that tender rates are inclusive of taxes prevailing on the last date of tender receipt. The court found no grounds to apply the reduced GST rate retrospectively, emphasizing that the original 18% rate was applicable when the tender was submitted. The petition lacks merit and was consequently dismissed.
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