Tvl. Raja Stores Vs Assistant Commissioner (ST)
Date: August 10, 2023
Subject Matter
No audit u/s 65 can be conducted after closure of business. Assessment proceedings u/s 73 or 74 can be initiated.
Summary
The petitioner, a registered taxpayer under the Goods and Services Tax Act, intended to close their business. They were allowed to close their business by the authorities, but failed to pay the collected tax. Subsequently, the authorities issued a sh…
FULL TEXT OF THE JUDGMENT/ORDER OF MADRAS HIGH COURT This Writ Petition is filed to quash the impugned order dated 19.05.2023. 2. The petitioner is a partnership firm doing business in the name and style of Raja Stores, which is the registered Tax payer under the Goods and Services Tax Act, 2017. The petitioner was paying monthly returns without fail. The petitioner intended to close his business…