Post the verdict of the Hon’ble Delhi High Court in the case of Brand Equity v. Union of India, retrospective effect to the amendment in Section 140 of the CGST Act was enforced. In view of the said amendment, apprehensions were raised by the industry as to whether the judgement in Brand Equity still holds good.
The Hon’ble Delhi High Court in the case of SKH Sheet Metals Component v. Union of India and Ors by ruling in in favour of the Petitioner held that the amendment by the Finance Act, 2020 in Section 140 of the CGST Act, has no effect on the ruling pronounced in the case Brand Equity v. Union of India
The article making analysis of the recent judgment, authored by Yuvraj Singh (Associate) has been published by Tax Management of India. To read the complete article kindly follow the link https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=9279