Penalty cannot be levied for late credit of Payment by Bank to GSTN Account 

Bhole Baba Milk Food Industries Limited Vs Union Of India And 2 Others (Allahabad High Court) In a recent case involving Bhole Baba Milk Food Industries Limited vs. Union of India, the Allahabad High Court addressed the issue of levying penalties for delayed credit of payments to GSTN accounts. The petitioner sought relief from penalties and interest charged for alleged non-filing of returns due to delayed bank transactions. The petitioner initiated a payment of Rs. 2,08,30,721/- for April 2023 on 19.05.2023, within the prescribed time. However, discrepancies arose regarding the actual credit ...