Penalty and Interest could not be imposed when Credit was erroneously availed but not utilized
Last updated: 23 November 2023
Court :
Punjab and Haryana High Court
Brief :
The Punjab and Haryana High Court in the case of M/s.Deepak Sales Corporation v. Union of India [CWP No. 283 of 2023 dated September 21, 2023] allowed the appeal filed by the Assessee by way of the writ petition and held that, the demand of interest and penalty is not tenable when the credit erroneously availed is reversed and such credit is not utilized by the Assessee.
Citation :
CWP No. 283 of 2023 dated September 21, 2023
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Bimal Jain
Published in GST
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