2026 (4) TMI 419

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....b Mr. Mohit Rawal & Mr A.N. Agrawal, Advocates. For the Respondent No. 1 to 4: Mr. S.S. Hulke, A.G.P. ORDER 01. The challenge is to the notice dated 25/03/2025 issued by respondent No.4 directing the petitioner to make payment of tax and interest within seven days with a rider that if the same is not paid within time, the proceedings shall be initiated to recover the outstanding dues as p....

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.... credit notes have been issued and the outward tax liability was adjusted in r/o the sales effected during the previous months/fiscal. This led to reduction in the output tax liability at our end which was ultimately discharged by us. On the other hand, reporting of the credit notes on the portal reduced the ITC availability to this extent at the end of the respective buyers/consignees as provided....

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....ment. The Balance, if any, lying in the Negative Liability Statement, will automatically be adjusted against the liability of subsequent tax period(s). From September 2024 onwards, taxpayers are allowed to report negative liabilities in Table No. 3 of GSTR-38. The introduction of this provision is aimed at streamlining the reconciliation process vide Notification No. 12/2024 (10 July 2024). Had th....

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....ce was issued to ICICI Bank on 18/07/2025. Subsequent notices were issued to the State Bank of India, Akola Branch, and the State Bank of India, New Delhi Branch, dated 26/02/2026 and 09/03/2026, respectively. These notices have been challenged by the petitioner. 06. The petitioner is seeking interim relief. However, considering the fact that by notice issued under Rule 142b on 25/03/2025, the ....