From The Economic Times
Center-Right Owned by Bennett, Coleman & Co.SC says 1974 ruling on states' power to levy additional sales tax continues to hold
What's behind this
The Supreme Court, sitting as a seven‑judge Constitution Bench, reaffirmed the 1974 ruling that states can impose additional sales tax, noting that changes in statutory provisions and the introduction of GST have removed the need for fresh adjudication and that the case has become academic.
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What each side is saying
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left · 1 outlet
New Delhi: In a verdict with significant implications for federal revenue stability, a seven-judge Constitution Bench of the Supreme Court on Wednesday ruled that a landmark 1974 judgment validating the power of states to levy additional sales tax remains fully operational. The bench, led by Chief…
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center · 5 outlets
New Delhi: Supreme Court Wednesday held that a 1974 Constitution Bench ruling upholding states’ power to impose additional sales tax or surcharge calculated as a percentage of the existing sales tax continues to hold the field, saying a reference on the issue had become academic. A seven-judge…
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right · 3 outlets
A seven-judge Constitution Bench said changes in statutory provisions and the introduction of GST had removed the need for fresh adjudication
RSS excerpt
The Supreme Court held that a previous ruling from 1974 regarding additional sales tax remains applicable today. It determined that the legal question raised was now of no practical significance due to legislative changes. The Goods and Services Tax law implementation in 2017 contributed to this…
