The Directorate General of Goods and Services Tax Intelligence (DGGI) has sent out over 300 show-cause notices to promoters, directors and top management of companies. It has also sought to impose penalties, as high as 100%, for wrongfully availing input tax credit.
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These notices, sent to top management in the first week of August for the financial years 2017-18 and 2018-19, are already being challenged by recipients who have moved various high courts seeking a stay.
Read more at: The Economic Times
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