Varahamurthi Flexirub Industries Pvt. Ltd Vs State Tax Officer
Date: February 16, 2021
Subject Matter
No encashment of bank guarantee until expiry of 3 months from the date of assessment Order
Summary
Provisions of Section 107 of the Goods and Service Tax Act which provide for pre deposit. He also relied on Section 78 of the said Act to demonstrate that the petitioner has time of three months for depositing the amount as per the assessment. With t…
Dated this the 16th day of February 2021 Heard both sides. The petitioner, who has suffered an order of confirmation of penalty at the hands of the respondent-State Tax Officer, is challenging the action of the said authority in directing the 2nd respondent-Bank to invoke bank guarantee and to forward the demand draft of the value of the said bank guarantee to the 1st respondent. 2. Learned counse…