Section 74 CGST Act

Delhi High Court Clarifies Closure of GST Proceedings Under Section 74(5) After Tax Payment

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Delhi High Court Clarifies Closure of GST Proceedings Under Section 74(5) After Tax Payment

In a significant ruling providing relief to taxpayers, the Delhi High Court has clarified that GST proceedings initiated under Section 74 of the CGST Act can be closed even after issuance of a show cause notice, provided the taxpayer deposits the applicable tax, interest, and the prescribed 15% penalty. The decision came in the case … Read more

Supreme Court Confirms 100% GST Penalty for Wilful Suppression Due to Non-Filing of Returns

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Supreme Court Confirms 100% GST Penalty for Wilful Suppression Due to Non-Filing of Returns

In a significant GST-related ruling, the Supreme Court has upheld the imposition of a 100% GST penalty for wilful suppression of facts arising from the non-filing of mandatory monthly GST returns. The Apex Court affirmed the earlier judgment of the Andhra Pradesh High Court, which had validated the penalty imposed under Section 74 of the … Read more