GST: Detention: Petitioner entitled for return of surety bond & bank guarantee furnished upon deposit of 25% of penalty

New Modern Industries Vs. Commercial Tax Officer (Enforcement) & Anr  (Karnataka High Court)

Hon’ble High Court of Karnataka declared that if a taxable person prefers an appeal U/s. 107 of the CGST/SGST Acts against an order passed U/s. 129 of the said Acts after remitting 25 % of the penalty imposed being pre deposit such person is not required to pay penalty amount levied/to furnish bank guarantee along with a surety bond. In other words, both conditions viz furnishing bank guarantee equal to the pe

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