GST: Cash-credit account cannot be attached by Revenue being not debt

J. L. Enterprises Vs Assistant Commissioner (Calcutta High Court) The Hon’ble Calcutta High Court, in the case of J. L. Enterprises v. Assistant Commissioner, State Tax [W.P.A. No. 12132 of 2023 dated May 25, 2023] held that cash-credit facility is not a debt, thus cannot be attached through provisional attachment order. Facts: M/s. J. L. Enterprises (“the Petitioner”) a partnership firm was inspected by the State Tax Department Officers on March 04, 2023, the officers inspected the books on accounts and verified the records and found anomalies and later issued the FORM INS-01. Thereafte...