NCDEX E MARKETS LTD v. THE UNION OF INDIA & ORS. – BOMBAY HIGH COURT
High Court, Bombay
B.P. Colabawalla, Justice & Firdosh P. Pooniawalla, Justice
NCDEX E MARKETS LTD
v.
THE UNION OF INDIA & ORS.
INTERIM APPLICATION (L) NO. 5678 of 2025 IN WRIT PETITION NO. 3121 OF 2024 dated 07.03.2025
Law : GST
Act Name : Central Goods & Services Tax Act, 2017
Decision : Interim
TCS – Petitioner challenged order liable to deduct 1% TCS under Section 52 of CGST Act on transactions conducted via its electronic portal – Petitioner contended it merely facilitates buyer-seller interaction not being party to contracts or payments and sellers already paid GST and nearly 50% of goods transacted were exempt – Alleged double taxation and misapplication of TCS provisions – Held: Interim relief granted – Impugned order stayed until further orders – Respondents to file affidavit-in-reply by 21.03.2025 .
Represented By:
Counsel for the Petitioner: Sriram Sridharan, Advocates
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