Monetary cap on tax recoveries limits amounts recoverable under section 107(6)(b) of the CGST Act following the amendment. The amendment inserts the words "subject to a maximum of twenty-five crore rupees," into sub section (6), clause (b) after the words "arising from the ... Summary
Monetary cap on tax recoveries limits amounts recoverable under section 107(6)(b) of the CGST Act following the amendment.
The amendment inserts the words "subject to a maximum of twenty-five crore rupees," into sub section (6), clause (b) after the words "arising from the said order," thereby imposing an express monetary ceiling on amounts recoverable under that clause.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
