Allahabad HC Reduces GST Section 129(1)(a) Penalty to Twice the Tax Amount

Singh Traders And 2 Others Vs State of U.P. and Another (Allahabad High Court) The petitioners, who claimed to be the owners of goods detained by the authorities, contested the penalty levied at a higher rate of 100% of the goods’ value under Section 129(1)(b) of the Act. They sought the release of the goods against a reduced security amount, equal to twice the tax value, as provided under Section 129(1)(a) of the Act. The court observed that while the petitioners did not dispute the levy of penalty, the quantum of the penalty was in question. The revenue authorities initially imposed a ...