Case LawWrit Petition No.4519 of 2024
Vedanta Limited Vs Union of India & Ors
- Court:
- High Court
- Bench:
- Bombay
- Date:
- January 7, 2025
- Type:
- Writ Petition
- Members:
- B. P. COLABAWALLA & FIRDOSH P. POONIWALLA
Subject
Circular on taxability of personal guarantee and corporate guarantee STAYED
SupplyCorporate Guarantee
Summary
The writ petition was filed by Vedanta Limited, challenging the taxation of corporate guarantees provided by a holding company to its subsidiary under Section 9 of the CGST Act. Vedanta sought a declaration that these activities should not be classif…
Judgement
FULL TEXT OF THE JUDGMENT/ORDER OF BOMBAY HIGH COURT 1. The above Writ Petition is filed by the Petitioner seeking a declaration that the activity of a holding company providing a corporate guarantee to its subsidiary is not in the nature of “supply” and/or “supply of service” taxable under Section 9 of the Central Goods and Services Tax Act, 2017 (for short “ the CGST Act ”). A further declaratio…