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Assessee in financial difficulty allowed to pay interest in installments where registration was canceled due to non-filing of returns
THE HON’BLE MADRAS HIGH COURT IN THE CASE OF ANGEL LABEL DIVISION AND ANGEL ZIPPEL (HUF) V/S ASSISTANT COMMISSIONER (ST)(FAC), decided on 26-3-2024
👉 Issue:-
✔️ Can Assessee get any relief if He was in great financial difficulty and, therefore, requires time for payment of outstanding amounts?
👉 The Hon’ble High Court Judgement:-
✔️ Where on account of non-filing of returns, assessee’s GST registration was cancelled, assessee was in great financial difficulty and, therefore, requires time for payment of amounts outstanding towards interest, as tax liability was discharged and assessee also paid about Rs.7.20 lakhs towards interest liability of 75.8 lakhs , it is just and appropriate that assessee was to be permitted to pay interest liability in installments, writ petition was to be disposed of.
Section 29, read with section 50 of CGST Act, 2017
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