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SC grants relief to Ramco, Prism Cement, others in tax dispute with Maharashtra government
It said that the requirement of submitting these forms would apply prospectively after May 11, 2002, the date when amendments were made to the Central Sales Act, 1956.
cityfalcon.com·1y ago
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Big Supreme Court relief for Voltas, Ramco, Prism Cement, others in tax case against Maharashtra govt
The Supreme Court ruled that the Maharashtra government cannot demand a refund of exempted sales tax from companies like Voltas and Prism Cement for failing to submit Form ‘C’ and ‘D’ for transactions before May 11, 2002. The tax benefits were part of a scheme to encourage industrial units in backward areas without such submission conditions.
cityfalcon.com·1y ago
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