General Penalty Under GST Invalid When Late Fee Is Specifically Prescribed: Madras HC

SVR Developers Vs Assistant Commissioner (FAC) (Madras High Court) The Madras High Court disposed of a writ petition challenging an order passed in FORM GST DRC-07 dated 22.04.2024 for the assessment year 2018-19. The petitioner, engaged in renting immovable property, stated that it had rental and amenities income totaling ₹2,96,32,793 on which applicable GST had already been paid. The petitioner contended that it was under a bona fide belief that filing of GSTR-9 Annual Return was inapplicable and that GSTR-9C was also not applicable since the aggregate turnover was below ₹5 crore. As no ...