GST – Madras High Court: Sections 73(1) and 74(1) stand attracted only where credit is not only availed but also utilised - Since petitioner has availed ineligible ITC, which could have resulted in wrong utilization, a token penalty of Rs.10,000/- is imposed and interest and other penalties and interest are set aside – Writ petition allowed [Order attached]

Admin
28-Nov-2024 10:45:12