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Gauhati HC Grants Interim Stay on ITC Reversal Notice: Surya Business Pvt Ltd Case
Case Law Details
- Case Name
- Surya Business Private Limited Vs State of Assam (Gauhati High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Guwahati High Court
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Surya Business Private Limited Vs State of Assam (Gauhati High Court)
Introduction: In a recent development, the Gauhati High Court has granted an interim stay on a show cause notice issued to Surya Business Private Limited under the Assam GST Act, 2017. The notice sought the reversal of Input Tax Credit (ITC) amounting to Rs. 27,25,503/- for the financial year 2018-2019, along with interest and penalty.
Detailed Analysis: The show cause notice, dated 11.01.2024, was issued under Section 73 r/w Section 50 of the Assam GST Act, 2017. It demanded an explanation from Surya Business Private Limite...
