The Supreme Court has issued notice to the Centre on a plea challenging the constitutional validity of STT. The petitioner argues STT causes double taxation and penalizes traders even when in loss.
The Supreme Court of India has temporarily halted Karnataka’s demand for Rs. 317.5 crore VAT from Antrix Corporation regarding satellite transponder leases. The dispute hinges on whether the lease constitutes a sale of goods or a service. The Court will further examine the case in August.
