https://www.taxtmi.com/caselaws?id=417748 HC held that invocation of Section 74 of TNGST Act, 2017 was unjustified where petitioner had reversed transitional credit without utilization after show cause notice. Court found show cause notice failed to meet Section 74(9) requirements and did not properly invoke Section 74(1) ingredients. Since credit was wrongly availed but not utilized, proceedings under Section 73/74 were inappropriate. Proper method would have been penalty under Section 122. Petitioner held liable only for token penalty due to improper attempt to avail credit. Petition allowed in part. en-us Wed, 08 Dec 2021 00:00:00 +0530 Tue, 01 Apr 2025 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417748 HC held that invocation of Section 74 of TNGST Act, 2017 was unjustified where petitioner had reversed transitional credit without utilization after show cause notice. Court found show cause notice failed to meet Section 74(9) requirements and did not properly invoke Section 74(1) ingredients. Since credit was wrongly availed but not utilized, proceedings under Section 73/74 were inappropriate. Proper method would have been penalty under Section 122. Petitioner held liable only for token penalty due to improper attempt to avail credit. Petition allowed in part. Case-Laws GST Wed, 08 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417748