Petitioner seeks cash release after GST seizure; utilizes CGST Section 74 relief, resulting in case dismissal and Rs. 25,000 costs.

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....Search and seizure under GST - Seeking release of seized cash - Revenue alleges concealment of facts - The effect of Subsection (5) and (6) of Section 74 of CGST Act is that the assessee can by making voluntary deposit of tax, interest and penalty avail the benefit of restriction of penalty to only 15% of such tax. In the present case, the petitioner availed of this remedy and based thereon, proceedings against the petitioner arising out of the search and seizure activities carried out on 04.03.2021 were closed. - The Petition is dismissed with costs quantified at ₹ 25,000/- - HC....