HC grants interim stay on Rs 2,500 crore GST demand against HCCB

The Bombay High Court has granted an interim stay on a GST demand of approximately Rs 2,500 crore against Hindustan Coca-Cola Beverages Private Limited noting the revenue department’s interpretation of the provisions appeared “prima facie incorrect”. The show cause notice was issued in January based on findings that the company undervalued goods over seven assessment […]