Yonex India Private Limited Vs Union of India
Date: January 17, 2024
Subject Matter
Holding of shares in a subsidiary company by a holding company does not constitute a supply of services
Summary
The petitioner sought relief to strike down the impugned notifications related to the taxation of holding equity of subsidiary companies under the GST acts. The petitioner's senior counsel argued that the holding of shares in a subsidiary company…
FULL TEXT OF THE JUDGMENT/ORDER OF KARNATAKA HIGH COURT In this petition, the petitioner seeks for the following reliefs: a) ISSUE an appropriate writ, direction or order to STRIKE DOWN the Impugned Notifications issued by Respondent Nos. 1 and 2 ie. Notification dated 28.06.2017 bearing No. 11/2017-Central Tax (Rate) (Annexure-A) at Entry No. SAC 997171, and Notification dated 2…