Ushabala Chits Private Limited Vs Commissioner of State Tax
Date: December 9, 2025
Court: High Court
Bench: Andhra Pradesh
Type: Writ Petition
Judge(s)/Member(s): R. RAGHUNANDAN RAO, T.C.D SEKHAR
Subject Matter
Interest/Penalty on Delayed Chit Fund Subscriptions Exempt from GST
Summary
The High Court of Andhra Pradesh has allowed the writ petition filed by a chit fund company, setting aside the rulings of the Authority for Advance Ruling (AAR) and the Appellate Authority for Advance Ruling (AAAR). The Court held that the interest o…
FULL TEXT OF THE JUDGMENT/ORDER OF ANDHRA PRADESH HIGH COURT The petitioner is a chit fund company engaged in the business of running chit schemes. The conduct of chits is regulated by the Chit Fund Act, 1982 [for short “the Act 1982”] read with the Andhra Pradesh Chit Funds Rules, 2008 [for short “the Rules 2008”]. The method of conduct of chits, as regulated by the said Act, 1982 and the Rules,…