HC : Kerala HC stays recovery of GST on TCS under Income Tax Act

Kerala HC stays recovery of GST on tax collected at source (TCS) u/s 206C (1F) of Income Tax Act; Notes assessee’s submission that said 1% TCS collected by auto dealer (assessee) from purchaser cannot be treated as an integral part of value of goods and services supplied by assessee as dealer only acts an agent for the State while collecting such amount which eventually goes to vehicle purchaser’s credit; Finds force in Revenue’s contention that Section 15(2)(a) which m...