https://www.taxtmi.com/caselaws?id=428483 The AP HC disposed of a writ petition challenging levy of interest under Section 50 and penalty under Section 122(2) of CGST Act, 2017. The petitioner had failed to restrict input tax credit for exempt supplies and reverse the same in GSTR-3B returns, utilizing ineligible credit to discharge output tax liability. The court held that since an appeal remedy was available and the Assessing Authority's findings showed the petitioner's obligation to restrict ITC was not fulfilled, resulting in withheld tax payment beyond due date, the petitioner should pursue the appellate remedy where all issues could be properly agitated. en-us Fri, 26 Aug 2022 00:00:00 +0530 Thu, 10 Apr 2025 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428483 The AP HC disposed of a writ petition challenging levy of interest under Section 50 and penalty under Section 122(2) of CGST Act, 2017. The petitioner had failed to restrict input tax credit for exempt supplies and reverse the same in GSTR-3B returns, utilizing ineligible credit to discharge output tax liability. The court held that since an appeal remedy was available and the Assessing Authority's findings showed the petitioner's obligation to restrict ITC was not fulfilled, resulting in withheld tax payment beyond due date, the petitioner should pursue the appellate remedy where all issues could be properly agitated. Case-Laws GST Fri, 26 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428483