GST Overhaul Doesn't Alter Contract Terms; Price Escalation Not Implied Without Contractual Basis, Court Rules.

GST Overhaul Doesn't Alter Contract Terms; Price Escalation Not Implied Without Contractual Basis, Court Rules. https://www.taxtmi.com/highlights?id=73144 Refund of GST - Scope of the contract terms - post GST era - Mere replacement of Sales Tax, Excise Duty, VAT and other similar taxes by the GST regime does not change such parameters in any manner - Price escalation, being not provided for in the contract, cannot be read into the contract just because a new taxation regime has replaced the earlier one. - Petition dismissed - HC en-us Tue, 21 Nov 2023 13:28:45 +0530 Tue, 21 Nov 2023 14:04:42 +0530 TaxTMI RSS Generator GST Overhaul Doesn't Alter Contract Terms; Price Escalation Not Implied Without Contractual Basis, Court Rules. https://www.taxtmi.com/highlights?id=73144 Refund of GST - Scope of the contract terms - post GST era - Mere replacement of Sales Tax, Excise Duty, VAT and other similar taxes by the GST regime does not change such parameters in any manner - Price escalation, being not provided for in the contract, cannot be read into the contract just because a new taxation regime has replaced the earlier one. - Petition dismissed - HC Highlights GST Tue, 21 Nov 2023 13:28:45 +0530 https://www.taxtmi.com/highlights?id=73144