Notifications charging compensation cess on MRP struck down as ultra vires Sections 8(2) and 15; valuation must use transaction value
Case-Laws
GST
HC allowed writ petitions and quashed the notifications dated 31-03-2023 and 26-07-2023 that directed compensation cess to be levied on MRP rather than transaction value. The Court held the notifications ultra vires Section 8(2) of the Compensation Act and Section 15 of the CGST Act because Section 15 mandates valuation of taxable supply on
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