Usha Martin Limited Vs Addl Commr, Central Tax, Jamshedpur
Date: November 10, 2022
Subject Matter
SCN cannot be given under Section 73 for verification of transitional credit
Summary
Initiation of proceedings under section 73 (1) of the C.G.S.T. Act, 2017 for alleged contravention of the C.E.A. and Finance Act, read with C.C.R. against the petitioner by filing TRAN 1 in terms of Section 140 of the C.G.S.T. Act for transition of C…
Heard learned counsel for the parties. 2. By the impugned adjudication proceedings initiated under Section 73 of the C.G.S.T. Act, 2017, the respondent No. 1- Additional Commissioner, C.G.S.T. & Excise, Jamshedpur has disallowed the CENVAT credit amounting to Rs.10,21,05,096/- carried forward by the petitioner by filing TRAN-1, in terms of Section 140 of the C.G.S.T. Act, 2017 by impugned orde…