GST demand cannot be raised based on figures in Profit and Loss Account


Last updated: 23 March 2024

Court :
Madras High Court

Brief :
The Hon'ble Madras High Court in the case of M/s. Ralco Synergy Pvt. Ltd. v. Joint Commissioner of State Tax and Ors. [W.P. No. 5554 of 2024 dated March 5, 2024] set aside the Impugned Order passed by the Revenue Department, thereby holding that, GST demand cannot be raised based on figures in Profit and Loss Account.

Citation :
W.P. No. 5554 of 2024 dated March 5, 2024

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Bimal Jain
Published in GST
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