No encashment of bank guarantee until expiry of 3 months from Order: Kerala HC:

Varahamurthi Flexirub Industries Pvt. Ltd Vs State Tax Officer (Kerala High Court) Varahamurthi Flexirub Industries (P.) Ltd. (Petitioner) received an order of confirmation of penalty from the State Tax Officer (Respondents). The Petitioner had challenged the order of the Respondents in directing bank to invoke bank guarantee and to forward demand draft of value of said bank guarantee. The Petitioner contended that as per the provisions of Sections 78 of the Central Goods and Services Act, 2017 ( CGST Act) read with Section 107 of the CGST Act, the Petitioner had time of three months for depos...