The Hon’ble Madras High Court (Madurai Bench) in Tvl. Manickavasagam S. v. The Proper Officer/Commercial Tax Officer [W.P (MD) No. 14948 of 2026 dated June 05, 2026] set aside the assessment order passed under Section 74 of the Tamil Nadu Goods and Services Tax Act, 2017 (“the TNGST Act”) pertaining to levy of GST on seigniorage fees and held that since the very incidence of tax itself is at large is pending before the Hon’ble Supreme Court of India, the matter is remanded for fresh consideration without imposing the customary condition of pre-deposit, with the further direction that the final orders shall be kept in abeyance and enforcement and further demand of any liability so determined shall await the outcome of the Supreme Court’s judgment.
