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Constitutional validity of provision related to deemed value of land as 1/3rd of total value

Value of the land for the purpose for levy of GST —– The petitioner challenged the validity of the Entry No.3 (if) read with para 2 of the Notification No.11/2017 Central Tax (Rate) dated 28.6.2017 as amended by Notification No. 3/19 Central Tax (Rate) dated 29.3.2019 issued under the Act, which has created artificial restriction on the value of the land for undivided share of the land for the purpose of transfer of property for the undivided share. The same being ultra vires to Section 7(2) of the Act read with Entry 5 of Schedule III and Sections 9(1) and 15 of the Act. Held that:- The Hon’ble High Court issued notice making it returnable on 14.6.2021.
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