Money laundering property attachment and third-party encumbrance rights clarified; prior bona fide interests enforceable before confiscation, appeals ...
Profiteering in construction services for failure to pass input tax credit resulted in repayment exceeding the commensurate benefit and closure of pro...
HC examined the levy of GST on lease amounts deposited in an escrow account, meant to be ultimately transferred to the Ministry of Urban Development or the Consolidated Fund of India. Petitioner contended that receipts included consideration from Government Departments and Autonomous Bodies, which are exempt from GST, and that demand raised on the escrowed sums was unwarranted. Relying on the Ministry of Finance's clear opinion that the CGST, Delhi South demand was devoid of merit, HC set aside the impugned order dated 29 January 2025 and disposed of the petition.
HC examined the levy of GST on lease amounts deposited in an escrow account, meant to be ultimately transferred to the Ministry of Urban Development or the Consolidated Fund of India. Petitioner contended that receipts included consideration from Government Departments and Autonomous Bodies, which are exempt from GST, and that demand raised on the escrowed sums was unwarranted. Relying on the Ministry of Finance's clear opinion that the CGST, Delhi South demand was devoid of merit, HC set aside the impugned order dated 29 January 2025 and disposed of the petition.
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