Sales Mismatch with GSTR-3B: GST Assessment Orders Set Aside; Matter Remanded

Exide Industries Limited Vs Deputy Commissioner (ST)-I (Madras High Court) Madras High Court has set aside assessment orders issued against Exide Industries Limited for the financial years 2017-18 and 2018-19 and remanded the matter for reconsideration. The dispute arose when the Deputy Commissioner (ST)-I observed a mismatch between Exide’s reported turnover in its financial statements and the figures submitted in GSTR-3B returns. The company, engaged in manufacturing electric storage batteries, argued that revenue from scrap battery sales was accounted for under material costs and not turn...