2024 (2) TMI 1291

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....e Senthilkumar Ramamoorthy For the Petitioner : Mr.J.Ashish For the Respondents : Mr.C.Harsha Raj, Additional Government Pleader (T) ORDER The petitioner assails an order dated 31.05.2023 and the consequential recovery notice dated 20.12.2023. 2. The petitioner is a registered person under applicable GST laws. He asserts that he was filing returns and paying tax regularly. It is fur....

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....that the relevant goods were purchased by the petitioner in the year 2020, whereas Input Tax Credit (ITC) was reversed on the ground that the supplier was not carrying on business at his registered place of business in the year 2021. 4. Mr.C.Harsha Raj, learned Additional Government Pleader, accepts notice on behalf of the respondents. By referring to the show cause notice, he points out that i....

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....itioner was put on notice. From the impugned assessment order, it appears that the primary reason for reversing ITC was that the supplier of goods was found to be non-existent. The statute imposes the obligation on the registered person availing of ITC to establish the genuineness of the transaction by placing on record relevant documents such as the tax invoices, e-way bills, lorry receipts, proo....

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.... the matter is remanded for reconsideration subject to the condition that the petitioner remits 10% of the disputed tax demand within a maximum period of two weeks from the date of receipt of a copy of this order. The petitioner is also permitted to issue a reply to the show cause notice within a maximum period of two weeks from the date of remittance. Upon receipt thereof and after being satisfie....