S. Balasubramani Vs State Tax Officer
Date: May 19, 2026
Subject Matter
GST Assessment on Seigniorage Fees Kept in Abeyance Pending Supreme Court Decision
Summary
This petition challenged an assessment order concerning the levy of Goods and Services Tax on seigniorage fees. The High Court, acknowledging that the identical issue is pending before the Supreme Court, has kept in abeyance the impugned assessment o…
FULL TEXT OF THE JUDGMENT/ORDER OF MADRAS HIGH COURT This Writ Petition challenges the impugned order of assessment dated 23.02.2026 passed under Section 74 of the Tamil Nadu Goods and Services Act. 2. The controversy pertains to whether the seigniorage fee paid by the petitioner, amounting to a sum of Rs.5,20,300/-, can be subjected to tax at the rate of 18%. 3. Learned counsel on both sides woul…