Goods & Services Tax (GST) in IndiaMandatory Deduction of 1/3rd of Land Value is Ultra Vires the CGST Act
The Gujrat High Court in the case of Munjaal Manishbhai Bhatt v. Union of India C/SCA/1350/2021 dated 06.05.2022 held that in cases where the actual value of land or the undivided share in the land is not ascertainable, the deeming fiction of 1/3rd of the total land value will only be available at the option...