Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
HC held that, although the procedural requirements under s.68 and r.138 CGST Rules for movement of goods were ostensibly complied with and the vehicle was no longer in transit, the petitioner's conduct disentitled it to equitable relief under Art. 226. The record established that the petitioner, in collusion with others, had devised a systematic scheme to defraud the revenue by fabricating sham transactions and availing fraudulent input tax credit through bogus entities and fictitious outward liabilities, exploiting systemic gaps in the GST framework. HC declined to interfere with the seizure and detention proceedings, refused the relief of release of goods and conveyance, and dismissed the writ petition with costs of Rs. 5,00,000 to be recovered from the petitioner-company through its Director.
HC held that, although the procedural requirements under s.68 and r.138 CGST Rules for movement of goods were ostensibly complied with and the vehicle was no longer in transit, the petitioner's conduct disentitled it to equitable relief under Art. 226. The record established that the petitioner, in collusion with others, had devised a systematic scheme to defraud the revenue by fabricating sham transactions and availing fraudulent input tax credit through bogus entities and fictitious outward liabilities, exploiting systemic gaps in the GST framework. HC declined to interfere with the seizure and detention proceedings, refused the relief of release of goods and conveyance, and dismissed the writ petition with costs of Rs. 5,00,000 to be recovered from the petitioner-company through its Director.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
