Gross profit issue on tnvat act

[THYAGARAJAN KALYANASUNDARAM]

Dear experts,one of my customers are selling their goods as per their policy more than 20% gross profit. However the authority concern working out g.p. 10% and difference he was treated as suppression of purchase and ultimately he passed the order and demand was raised.Can anyone share case laws relates to defend this issue very urgently.with regards,K. Thyagarajan.

[Ravikumar muthusamy]

dear sir

pls share the order copy as we are also showing sales t.o at 50%

AI Summary

Gross profit assessment: challenge to presumptive lower GP rate treated as suppression of purchases, seek precedents to rebut it. Assessing authority applied a lower presumptive gross profit rate and treated the disparity as suppression of purchase, issuing a demand; the core contest is whether the dealer's higher recorded gross profit and supporting records can rebut the presumptive assessment and the burden of proof for alleged suppression.