Cash Credit Accounts Exempt from GST Attachment: Bombay High Court

Skytech Rolling Mill Pvt. Ltd. Vs Joint Commissioner of State Tax Raigad (Bombay High Court) Bombay High Court has declared that a “cash credit account” cannot be provisionally attached under Section 83 of the Maharashtra Goods and Services Tax (MGST) Act, 2017. The ruling came in the case of Skytech Rolling Mill Pvt. Ltd. Vs Joint Commissioner of State Tax, Raigad, where the petitioner challenged the provisional attachment of its cash credit account by the tax authorities. The core of the dispute revolved around the interpretation of “any property, including bank accountR...