J.S.B. Trading Co. Vs State of Punjab
Date: November 3, 2024
Subject Matter
If proceedings under Section 61 had been dropped, further action under Section 74 cannot be initiated
Summary
The case involves a firm engaged in the sale and purchase of iron scrap that claimed input tax credits (ITCs) on purchases amounting to ₹49,45,578/- from two suppliers. A notice was issued under Section 61 of the Punjab GST/CGST Act for scrutiny, all…
FULL TEXT OF THE JUDGMENT/ORDER OF PUNJAB AND HARYANA HIGH COURT 1. The petitioner – firm is stated to be dealing in the business of sale and purchase of iron scrap. It claimed purchases amounting to sum of Rs. 49,45,578/- from M/s RP Metals and M/s Amarinder Singh. 2. A notice dated 05.09.2022 under Section 61 of Punjab GST/CGST Act, 2017 (hereinafter referred to as ‘the Act’) w…