https://www.taxtmi.com/article/detailed?id=15450 Article 141 mandates that a Supreme Court declaration is binding and generally retrospective, requiring authorities to align earlier decisions with that declaration. Rectification powers under tax statutes permit correction when a decision proceeded on an erroneous view, but such rectification is limited to mistakes apparent on the record and cannot reopen valid orders rendered under the law as then understood. Under GST, consequences for classification, valuation, credit, refund or penalties follow that declared law only within the procedural limits for reassessment or rectification. en-us Fri, 21 Nov 2025 08:43:58 +0530 Fri, 21 Nov 2025 08:43:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15450 Article 141 mandates that a Supreme Court declaration is binding and generally retrospective, requiring authorities to align earlier decisions with that declaration. Rectification powers under tax statutes permit correction when a decision proceeded on an erroneous view, but such rectification is limited to mistakes apparent on the record and cannot reopen valid orders rendered under the law as then understood. Under GST, consequences for classification, valuation, credit, refund or penalties follow that declared law only within the procedural limits for reassessment or rectification. Articles Goods and Services Tax - GST Fri, 21 Nov 2025 08:43:58 +0530 https://www.taxtmi.com/article/detailed?id=15450