GST Statue permits correction of bonafide errors until notice u/s. 73 of CGST is issued

Lotus Pharmaceuticals Vs Assistant State Tax Officer (Kerala High Court) Kerala High Court held that the statue permits taxpayer to correct bonafide errors by self-verification of assessment and payment of liability until the notice is issued under section 73 of the CGST. Accordingly, bonafide error in assessment and intimation in DRC-03 is directed to be allowed. Facts- For F.Y. 2018-19, petitioner was alleged to have availed excess input tax credit. A show cause notice was issued on 28.12.2023, calling upon the petitioner to explain why the excess ITC, wrongly availed to the tune of Rs. 3,5...