India Business News: Mumbai: In a relief for India Inc, the Punjab & Haryana high court has stayed a circular that subjected corporate guarantees, given by holding compani.
The circular, issued in October by the Central Board of Indirect Taxes and Customs (CBIC), has been stayed via an interim order. The circular had held that a corporate guarantee provided by a holding company to a lender for the approval of credit to its subsidiary would be regarded a supply of service liable to GST.
Despite the striking down of Section 377, high courts have a dispiriting track record when it comes to protecting the rights of queer couples. A recent SC direction may prove helpful
Over a month after they were suspended for a semester and evicted from the varsity campus housing, the two students of O P Jindal University turned to the Punjab & Haryana High Court for justice.
The Punjab and Haryana High Court has held that suspension of GST registration is deemed to be revoked if a show cause notice is not decided within 30 days of reply.The bench of Justice Sanjeev.