GST DAILY – 258

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HC directs assessee to approach IT dept. for release of cash seized by GST Dept. as it was handed over to them

THE HON’BLE KERALA HIGH COURT IN THE CASE OF CENTRE C. EDTECH PVT. LTD. V/s INTELLIGENCE OFFICER , decided on 5-4-2024

  👉 Issue

✔ Can assessees get any relief if assessees failed to file a reply to SCN under Section 74 and Department directing seizure of cash?

👉 The Hon’ble High Court Judgement

✔ Where petitioners-assessees failed to file reply to Show Cause Notice issued by respondent-department under Section 74, that led to passing of seizure memo directing seizure of cash, therefore, petitioners-assessees were granted one week time to file reply to aforesaid notice issued under Section 74; petitioners-assessees were free to approach Income Tax Department as remedy for release of cash amount seized from petitioners-assessees. 

Section 74 of Central Goods and Services Tax Act, 2017