Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
The HC dismissed the writ petition challenging GST interest and penalty demands. The petitioner paid disputed tax belatedly, resulting in interest levy under Section 50(1) CGST/TNGST Act, 2017 r/w Rule 88B CGST Rules, 2017, which the Court upheld as non-interferable. Regarding the penalty of Rs. 5,72,052/- imposed under Section 73(9) r/w Section 122(2)(a) CGST/TNGST Act, 2017, the HC granted liberty to challenge through statutory appeal under Section 107, subject to 10% pre-deposit requirement within 30 days. The Appellate Commissioner was directed to consider the appeal without reference to limitation. The Court declined interference on natural justice grounds at writ stage, leaving the penalty issue for appellate adjudication while confirming the interest demand.
The HC dismissed the writ petition challenging GST interest and penalty demands. The petitioner paid disputed tax belatedly, resulting in interest levy under Section 50(1) CGST/TNGST Act, 2017 r/w Rule 88B CGST Rules, 2017, which the Court upheld as non-interferable. Regarding the penalty of Rs. 5,72,052/- imposed under Section 73(9) r/w Section 122(2)(a) CGST/TNGST Act, 2017, the HC granted liberty to challenge through statutory appeal under Section 107, subject to 10% pre-deposit requirement within 30 days. The Appellate Commissioner was directed to consider the appeal without reference to limitation. The Court declined interference on natural justice grounds at writ stage, leaving the penalty issue for appellate adjudication while confirming the interest demand.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4800
Join Channel
TaxTMI 
