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GST: Deposits made during search cannot Be Kept if Proceedings Not Initiated: HC
Case Law Details
- Case Name
- Parsvnath Traders Vs Principal Commissioner (Punjab and Haryana HC)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
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- Courts
- All High Courts, Punjab and Haryana HC
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Parsvnath Traders Vs Principal Commissioner (Punjab and Haryana HC)
The Hon’ble Punjab and Haryana High Court in M/s Parsvnath Traders v. Principal Commissioner, CGST and Another [CWP No.10923 of 2021 dated July 27, 2023] held that the deposited amount which was collected from assessee during the search proceedings is to be refunded along with interest @ 6% per annum from the date of deposit till the refund amount is released in his favour.
Facts:
M/s. Parsvnath Traders (“the Petitioner”) is engaged in the business of trading different types of chemicals. The Petitioner, in the normal co...
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