Wrong ITC Head (CGST/SGST Instead of IGST) Not Grounds for Section 73 Action

Golden Traders Vs Assistant State Tax Officer (Kerala High Court) Kerala High Court, in a significant ruling in the case of Golden Traders Vs. Assistant State Tax Officer, has quashed a demand issued under Section 73 of the Central Goods & Services Tax Act, 2017 (CGST Act) for the assessment year 2017-2018. The petitioner, Golden Traders, a partnership firm dealing in plastic moulded chairs and watches, had challenged the demand, which stemmed from an alleged excess input tax credit (ITC) availment of Rs. 1,29,906. The firm contended that this discrepancy was merely a result of availing I...