Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
The HC addressed a challenge to a summons issued under s.70 of the GST Act seeking information from the petitioner. The court clarified that s.74 of the CGST Act applies to tax evasion cases involving willful misstatement or fraud, permitting penalties up to 100% of unpaid tax, with reduced penalties available at various stages of admission and payment. The court determined that the 2nd respondent's communication aligned with s.74 provisions and did not create liability or initiate proceedings against the petitioner. The petition was closed, preserving the petitioner's right to oppose any future proceedings for tax short payment, evasion, or wrongful ITC availment.
The HC addressed a challenge to a summons issued under s.70 of the GST Act seeking information from the petitioner. The court clarified that s.74 of the CGST Act applies to tax evasion cases involving willful misstatement or fraud, permitting penalties up to 100% of unpaid tax, with reduced penalties available at various stages of admission and payment. The court determined that the 2nd respondent's communication aligned with s.74 provisions and did not create liability or initiate proceedings against the petitioner. The petition was closed, preserving the petitioner's right to oppose any future proceedings for tax short payment, evasion, or wrongful ITC availment.
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