The Allahabad High Court (HC) has suspended the INR 1,081 Cr demand related to a Goods and Services Tax (GST) dispute, much to the relief of fintech giant Paytm.
On a petition submitted by Paytm, a bench consisting of Chief Justice Rajesh Bindal and Justice JJ Munir issued the ruling earlier this month. The issue is whether giving Direct To Home (DTH) and mobile recharge coupons to customers in other states is considered intra-state supply or inter-state supply. Paytm claimed that the issue involved interstate supply, but the Center’s attorney argued otherwise. The INR 1,081 Cr. GST bill, which has since been stayed, was brought about by the confusion.