ArticleGST Article

ITC cannot be denied to bona fide recipient for supplier’s failure to deposit tax with the Government

The Hon’ble Gauhati High Court in M/s Metal Syndicate and Another set aside the OIO and the OIA confirming GST demand of Rs. 78,70,952/- along with interest and equivalent penalty, and held that a bona fide purchasing dealer cannot be denied ITC merely on account of the supplier’s failure to deposit the tax collected with the Government.

Judgment-Orders

Delhi HC: Bright Metal Refiners – notification in the nature of delegated legislation acquires the force of law only from the precise date and time of its publication in the Official Gazette

The Hon’ble Delhi High Court has allowed a writ petition filed by the Petitioner, a partnership firm engaged in the import and trading of precious metals, directing the Customs authorities to immediately process and release consignments of platinum alloy jewellery studded with precious stones.