Proceedings u/s. 74 of CGST Act cannot be invoked without fraud or willful mis-statement to evade payment of tax

Safecon Lifescience Private Limited Vs Additional Commissioner Grade 2 And Another (Allahabad High Court) Allahabad High Court held that initiation of proceedings under section 74 of the Central Goods and Services Tax Act [CGST Act] is not tenable in law since no findings is recorded which shows that there is fraud or willful mis-statement or suppression of fact to evade payment of tax. Facts- The petitioner is engaged in trading and manufacturing business, mainly of all kinds of medicines/ pharma products on wholesale basis. They purchased medicines/ pharma products from M/s Unimax Pharma Che...