https://www.taxtmi.com/caselaws?id=757749 Karnataka HC quashed SCN demanding IGST on equity capital holding by holding companies and ECB received by petitioner from AOSH. Court found respondents failed to consider petitioner's response dated 16.01.2023 referencing relevant notification dated 28.06.2017. SCN regarding continuous equity share holding was quashed entirely. For GST demand on credit grant service fee at 1%, petitioner granted four weeks to submit response. Matter remitted to respondent for reconsideration with opportunity to petitioner. Petition allowed. en-us Tue, 20 Aug 2024 00:00:00 +0530 Wed, 07 May 2025 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757749 Karnataka HC quashed SCN demanding IGST on equity capital holding by holding companies and ECB received by petitioner from AOSH. Court found respondents failed to consider petitioner's response dated 16.01.2023 referencing relevant notification dated 28.06.2017. SCN regarding continuous equity share holding was quashed entirely. For GST demand on credit grant service fee at 1%, petitioner granted four weeks to submit response. Matter remitted to respondent for reconsideration with opportunity to petitioner. Petition allowed. Case-Laws GST Tue, 20 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757749