Eye Share: Validity of VAT re-assessments under GST regime in light of HC’s Interim Order

Recently, Division Bench of Karnataka HC granted stay of Single Judge decision [TS-702-HC-2018(KAR)-VAT] and passed an interim order staying operation of demand notice and re-assessment order post GST regime. The order of re-assessment passed by Deputy Commissioner of Commercial Taxes (Audit) which raised a demand of Rs.4.42 crores was carried before Karnataka HC by way of a writ petition after a failed attempt of seeking rectification of said order. ...