GST: HC Directed to Released Provisional Attachment of 5 Bank Accounts

Jay Ambey Filament Pvt. Ltd Vs Union of India (Gujarat High Court) The present petition is filed to seek the permission for releasing the provisional attachment of the five banks  accounts of a person accused of tax evasion under Section 74(1) of the CGST Act. High Court states that, the order of provisional attachment before the assessment order is made, may be justified if the assessing authority or any other authority empowered in law is of the opinion that it is necessary to protect the interest of revenue. However, the subjective satisfaction should be based on some credible materials or...