ENA State 2025-01-07 14:47:29 <p><span style="font-size:14px"><strong>Mumbai, Jan 7 (KNN)</strong> A recent Gujarat High Court decision has established that land transfer transactions within the Maharashtra Industrial Development Corporation (MIDC) are exempt from Goods and Services Tax (GST), marking a significant development for the industrial sector.</span></p> <p><span style="font-size:14px">The ruling has prompted immediate reaction from industry stakeholders, with the Maharashtra Small Scale Industries Association (MASSIA) leading calls for tax refunds.</span></p> <p><span style="font-size:14px">The decision addresses longstanding concerns within the business community about the financial burden of GST on land transactions.</span></p> <p><span style="font-size:14px">Industry representatives have consistently maintained that the tax obligation had significantly inflated land acquisition costs, creating additional financial pressure on enterprises, particularly smaller operations.</span></p> <p><span style="font-size:14px">MASSIA President Chetan Raut has expressed strong support for the court's determination, announcing plans to engage with MIDC officials regarding potential refunds.</span></p> <p><span style="font-size:14px"> We welcome this ruling and urge MIDC to refund the GST paid on land transfers, Raut stated.</span></p> <p><span style="font-size:14px">We will soon meet with MIDC officials to demand the cancellation of GST notices issued to entrepreneurs, he further added.</span></p> <p><span style="font-size:14px">The association's leadership is expected to initiate formal discussions with MIDC authorities in the coming weeks to address outstanding tax notices and establish a framework for potential reimbursements.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 40538 https://knnindia.co.in/news/newsdetails/state/massia-advocates-for-gst-refunds-post-landmark-gujarat-hc-decision 2025-01-07 14:47:29 knnindia.co.in