https://www.taxtmi.com/caselaws?id=753872 Gujarat HC dismissed petition challenging GST demand of Rs. 3,73,95,300 with equal penalty under Section 122(2) for non-payment of tax on Reverse Charge Mechanism (RCM) on cotton purchases from agriculturists. Court held petitioner liable under Section 9(3) CGST Act read with Notification No. 43/2017, rejecting revenue neutrality argument as petitioner was not 100% EOU but exported only 80% of products. Penalty upheld as petitioner deliberately ignored notices since 2022 and failed to respond substantively to show cause notice. en-us Fri, 03 May 2024 00:00:00 +0530 Tue, 11 Jun 2024 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753872 Gujarat HC dismissed petition challenging GST demand of Rs. 3,73,95,300 with equal penalty under Section 122(2) for non-payment of tax on Reverse Charge Mechanism (RCM) on cotton purchases from agriculturists. Court held petitioner liable under Section 9(3) CGST Act read with Notification No. 43/2017, rejecting revenue neutrality argument as petitioner was not 100% EOU but exported only 80% of products. Penalty upheld as petitioner deliberately ignored notices since 2022 and failed to respond substantively to show cause notice. Case-Laws GST Fri, 03 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753872