https://www.taxtmi.com/highlights?id=73772 Refund - The solvent security is that of a person who is entitled to/recipient of the amount. Whereas, the ‘bank guarantee’ is a guarantee given by the bank on behalf of the applicant to cover the payment obligation to a third party. As such, it cannot be said that the demand of bank guarantee by respondent No. 1 could be equated with providing solvent security in terms of the order passed under Section 54 (11) of the Act, 2017. - HC en-us Mon, 25 Dec 2023 16:57:01 +0530 Mon, 25 Dec 2023 16:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73772 Refund - The solvent security is that of a person who is entitled to/recipient of the amount. Whereas, the ‘bank guarantee’ is a guarantee given by the bank on behalf of the applicant to cover the payment obligation to a third party. As such, it cannot be said that the demand of bank guarantee by respondent No. 1 could be equated with providing solvent security in terms of the order passed under Section 54 (11) of the Act, 2017. - HC Highlights GST Mon, 25 Dec 2023 16:57:01 +0530 https://www.taxtmi.com/highlights?id=73772