P V Ramana Reddy Vs Union Of India & Ors
Date: May 27, 2019
Court: Supreme Court
Bench: Telangana
Type: Writ Petition
Subject Matter
Nothing wrong in the CGST authorities thinking that persons involved in circular trading be arrested. HC Ruling upheld.
Summary
The main allegation of the Department against the petitioners is that they are guilty of circular trading by claiming input tax credit on materials never purchased and passing on such ITC to companies to whom they never sold any goods. The Depa…
Having heard learned counsel for the petitioner and upon perusing the relevant material, we are not inclined to interfere. The special leave petition is accordingly dismissed. Pending interlocutory applications, if any, shall stand disposed of.