https://www.taxtmi.com/caselaws?id=460004 Contractual tax-adjustment clauses may require reconsideration where a levy changes after execution of the agreement. The Court noted that the contracts contained provisions for tax inclusion and price adjustment, and that the shift from VAT to GST, together with Section 64A of the Sale of Goods Act, 1930, called for examination of the petitioner's reimbursement claim in light of the contract, the GST enactments and the government order relied upon. The respondents were directed to consider the representations after notice and an opportunity to substantiate the claim. No finding was recorded on the merits of entitlement to reimbursement or price adjustment. en-us Fri, 05 Aug 2022 00:00:00 +0530 Fri, 04 Apr 2025 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460004 Contractual tax-adjustment clauses may require reconsideration where a levy changes after execution of the agreement. The Court noted that the contracts contained provisions for tax inclusion and price adjustment, and that the shift from VAT to GST, together with Section 64A of the Sale of Goods Act, 1930, called for examination of the petitioner's reimbursement claim in light of the contract, the GST enactments and the government order relied upon. The respondents were directed to consider the representations after notice and an opportunity to substantiate the claim. No finding was recorded on the merits of entitlement to reimbursement or price adjustment. Case-Laws GST Fri, 05 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460004