The ruling of the Hon’ble Supreme Court in the case of Union of India v. VVF, dated 22-04- 2020 in CA No. 2256-2263/2020 has opened a floodgate of issues for companies that have units that in North East India, Kutch, as well as in Jammu and Kashmir (J&K).
Issues such as calculation of Value Addition rates, limitation period for filing special rate certificates, interest liability and recovery proceedings are being hotly debated but with no answer.
Lakshmikumaran & Sridharan (L&S), in its endeavour to keep all its clients updated, is organizing a conference call wherein Mr. V. Lakshmikumaran, Managing Partner, L&S, will discuss the varied issues arising from the judgment and the possible explanations.
Speakers
Mr. V. Lakshmikumaran,
Managing Partner, L&S