Supreme Court vacated stay on section 62(5) of Punjab VAT Act, 20050 comments Friday, March 14, 2014
Supreme Court of India in
Amrit Banaspati Company Limited vs State of Punjab WP(c) 69 of 2013 has
vacated stay on implementation and operation of section 62(5) of Punjab
VAT Act, 2005, which was granted on 31.01.2014.
However the Supreme Court
has stated in its order that there shall
not be any coercive steps for recovery of the amount in question.
The record of proceedings
in the said case is available on supreme court website which is made
available herebelow for all concerned.
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