Sincon Infrastructure Pvt. Ltd. Vs Union of India
Date: April 18, 2024
Subject Matter
Benefit of ITC will accrue to the tax payer when he files the return and claim the ITC on self-assessment basis and not at the time he makes payment to supplier.
Summary
The case revolves around the interpretation of Section 50(1) and the proviso to Section 50(1) regarding the liability of interest on delayed payment of tax from the Electronic Credit Ledger and the Electronic Cash Ledger. The petitioner challenges th…
FULL TEXT OF THE JUDGMENT/ORDER OF PATNA HIGH COURT The petitioner an assessee under the Central Goods and Services Tax Act, 2017 (for brevity, the Act) is aggrieved with the peremptory recovery sought as against two objections raised on audit, relating to interest payable for the assessment years 2017-18 and 2018-19, while the other seven objections raised on audit are the subject of a notice iss…