HC: Stays Extra Neutral Alcohol seller’s Bank account attachment, given confusion w.r.t. taxability

Bombay HC, in a dispute around the whether Extra Neutral Alcohol (ENA) and Rectified Spirit (RS) are taxable under VAT or GST, as an interim measure, stays Notice issued to Assesee u/s 35 of the MVAT Act for provisionally attaching Assessee’s Bank Account, subject to Assessee furnishing a Bank Guarantee equal to 50% of the differential amount between the GST and VAT amounts quantified; Notes that Assessee is engaged in manufacture and sale of ENA and RS and is a registered ...