GSTR-1 Turnover Reporting Error Leads to Tax Liability of Rs. 1.4 Cr: Madras HC Quashes DRC-07 Order, Grants Opportunity to Contest [Read Order]

The Court acknowledged the discrepancy in turnover reporting and deemed it necessary to provide the petitioner with an opportunity to establish the genuine turnover figure

By Aiswarya Krishnadas - On April 10, 2024 5:33 pm - 2 mins read

GSTR-1 Turnover Reporting Error Leads - Tax Liability - Madras HC Quashes DRC-07 - Grants Opportunity to Contest - taxscan

The Madras High Court has intervened in a case where a taxpayer faced GST liability of Rs. 1.4 crore due to an erroneous turnover reporting in their GSTR-1 return. The Court, acknowledging the gravity of the situation, quashed the DRC-07 order and granted the taxpayer a crucial opportunity to contest the assessment. The petitioner asserted…

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