High Court Quashes VAT Rate Change on Fuel; Requires Amendment u/s 75 of PVAT Act, Not Section 31.

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....Power to increase the rate of tax (VAT) on Petrol and Diesel by way of Notification - A general and omnibus alteration to the rate of tax of this nature would have to be effected only by way of amendment to the Schedule itself under Section 75 and not by issuance of a Notification under Section 31 of the PVAT Act - Notification quashed - HC....