https://www.taxtmi.com/caselaws?id=770500 GST-ASMT-10 notices issued under Section 61 of the Jharkhand GST Act were held beyond the scope of return scrutiny where they relied only on a comparison between the declared sale price and the prevalent market price. Section 61 authorises a preliminary verification of returns to identify discrepancies in the return itself and to seek an explanation before further action, but it does not permit scrutiny merely because the transaction value is below market price. As the notices did not point to any defect in the returns and did not show that the transactions were sham, they were quashed as without jurisdiction. en-us Fri, 09 May 2025 00:00:00 +0530 Mon, 12 May 2025 09:01:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770500 GST-ASMT-10 notices issued under Section 61 of the Jharkhand GST Act were held beyond the scope of return scrutiny where they relied only on a comparison between the declared sale price and the prevalent market price. Section 61 authorises a preliminary verification of returns to identify discrepancies in the return itself and to seek an explanation before further action, but it does not permit scrutiny merely because the transaction value is below market price. As the notices did not point to any defect in the returns and did not show that the transactions were sham, they were quashed as without jurisdiction. Case-Laws GST Fri, 09 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770500