Kerala State Financial Enterprises Ltd Vs Union Of India
Date: September 3, 2024
Court: High Court
Bench: Kerala
Type: Writ Petition
Judge(s)/Member(s): GOPINATH P
Subject Matter
No GST on interest received by chit foreman from defaulting subscribers
Summary
In this case, a petitioner company, fully owned by the Government of Kerala and primarily involved in chits, challenged a show cause notice issued by the GST department demanding GST amounting to over ₹61 crores for interest received from defaulting…
FULL TEXT OF THE JUDGMENT/ORDER OF KERALA HIGH COURT The petitioner is a company incorporated under the Companies Act, 1956, and is wholly owned by the Government of Kerala. It is primarily engaged in the business of conducting chits. It is before this Court challenging Ext.P1 show cause notice dated 2 1-04-2022 inter alia calling upon the petitioner to show cause as to why Goods and Service…