Tata Sons moves Supreme Court against Rs 300 cr sales tax demand
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Tata Sons the holding company for $ 109 billion Tata Group has appealed in the Supreme Court against an estimated Rs 300 crore sales tax demand from Maharashtra state government.
In January 2015, the Bombay High Court had upheld the state tax department's decision to collect sales tax from the Tata Sons for the royalty it charges from group firms for using Tata brand name.
The group firms such as Tata Consultancy Services, Tata Motors, and Tata Power pay 0.25% of their revenues for using the Tata brand name. The Bombay High Court in its ruling said that the company is liable to pay sales tax on brand assignment to Group companies from 1998-99 onwards. This is estimated to be about Rs 300 crore. The case is now expected to come for hearing in the Supreme Court on September 11.
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