GST Liability Imposed due to Reply filed without Proper Annexed Documents, Reverses ITC Worth Rs. 1.04 Cr: Madras HC sets aside order on Rs.5L Pre-deposit Condition [Read Order]
The court granted the petitioner an opportunity to contest the tax demand, contingent on a deposit, given their readiness and documentation
By Navasree A.M - On April 17, 2024 2:58 pm - 2 mins read
The Madras High Court has nullified an order requiring a pre-deposit of Rs. 5 lakhs. The bench noted that the imposition of Goods and Services Tax ( GST ) liability arises from the reply lacking appropriate documentation. The petitioner contended that their business operates on a narrow profit margin, wherein the entire tax liability is…
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