Tagged “pre-gst”

2 articles on pre-gst.

Eicher Motors v. Union of India: when input credit becomes a vested right

On 28 January 1999, a three-judge bench struck down Rule 57-F(4-A) of the Central Excise Rules and held that MODVAT credit, once properly taken on receipt of inputs, becomes an indefeasible vested right that subordinate rule-making cannot extinguish.

Valkya Editorial·1 Jun 2026·11 min

Landmark JudgmentDelhi High Court

Suresh Kumar Bansal: service tax on under-construction flats without a valuation rule

Delhi HC in June 2016 held service tax on under-construction flats invalid in absence of statutory machinery to separate the service component from land and goods value.

Valkya Editorial·1 Jun 2026·10 min