Madras High Court Halts GST Recovery on Seigniorage Fees Pending Supreme Court Ruling

The News: The Madras High Court has set aside a GST assessment involving seigniorage fees, ruling that tax authorities failed to consider the taxpayer’s response before issuing the assessment. The case has been remanded for fresh consideration, with any enforcement or tax recovery suspended until the Supreme Court decides the broader issue of whether GST applies to seigniorage fees.

SITEBOXX Take: The decision provides temporary certainty for mining and quarrying businesses while reinforcing how unresolved tax policy can influence investment planning and project development.

Source: Read the full report at TaxGuru.