https://www.taxtmi.com/caselaws?id=419404 The Madras HC partly allowed a writ petition challenging CENVAT Credit reversal and penalty imposition. The petitioner abandoned the credit reversal challenge, so the court focused on interest demand and penalty under Section 122(2)(a) of CGST Act. The court held that since the petitioner never wrongly availed or utilized Input Tax Credit - the entire amount remained in electronic credit ledger until appropriated by revenue authorities - the prerequisite for penalty imposition was absent. The court found the interest demand and penalty under clauses 3 and 4 of the impugned order untenable and liable to be set aside. en-us Tue, 14 Sep 2021 00:00:00 +0530 Wed, 02 Apr 2025 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419404 The Madras HC partly allowed a writ petition challenging CENVAT Credit reversal and penalty imposition. The petitioner abandoned the credit reversal challenge, so the court focused on interest demand and penalty under Section 122(2)(a) of CGST Act. The court held that since the petitioner never wrongly availed or utilized Input Tax Credit - the entire amount remained in electronic credit ledger until appropriated by revenue authorities - the prerequisite for penalty imposition was absent. The court found the interest demand and penalty under clauses 3 and 4 of the impugned order untenable and liable to be set aside. Case-Laws GST Tue, 14 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419404