GST: Madras HC Orders Reassessment for Ignoring Submitted Evidence & Hearing Request

L & T Finance Limited Vs Assistant Commissioner (Madras High Court)

The Madras High Court set aside an assessment order dated December 31, 2023, against L&T Finance Limited on grounds of violating principles of natural justice. The case arose from a GST audit and subsequent show cause notice concerning discrepancies in turnover reporting and claims of exemptions for interest income. L&T Finance had responded to the notice, providing partial documentation and explanations, including rectifications made in annual returns and payment of due taxes via DRC-03. However, the a

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