₹3.14 Crore GST Pre-Deposit Ordered to Be Refunded to IBM India After 64% of Demand Dropped: Bombay High Court
The Bombay High Court has directed the Maharashtra tax authorities to refund a sum of ₹3,14,58,422 to IBM India Pvt. Ltd. after a substantial part of the original GST demand was dropped in the company’s appeal. The case, titled IBM India Pvt. Ltd. vs. Union of India & Ors., involved a dispute over a hefty tax demand issued against IBM by the tax department. The company challenged this demand, leading…