Bombay HC Order on GST Tax Credits Risks India Infrastructure Funding - Whalesbook

Court Ruling Highlights Tax Uncertainty for Infrastructure A Bombay High Court interim order granting protection to Gateway Terminals India Pvt. Ltd. from tax recovery actions has amplified concerns over a Goods and Services Tax (GST) issue affecting India's infrastructure and logistics sectors. The ruling addresses a dispute where tax authorities collect taxes on transactions classified as servic…