9911796707
TMI Blog2024 (5) TMI 259X X X X Extracts X X X X X X X X Extracts X X X X ..... pplies after setting off the ITC - HELD THAT:- The tax liability was imposed because the petitioner replied without annexing documents. As a consequence of such order, ITC to the extent of about Rs. 1.04 crore was reversed. In the petitioner's reply, the petitioner has stated that outward supplies do not give rise to tax liability after setting off ITC. The petitioner has also asserted that pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Consequently, it is asserted that the entire tax liability is subsumed in the available Input Tax Credit (ITC). Upon receipt of show cause notice dated 29.09.2023, the petitioner replied on 27.10.2023 and pointed out that the outward supplies do not give raise to tax liability after setting off the ITC. After such reply was received, a hearing notice dated 07.12.2023 was issued fixing a personal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... petitioner agrees to remit Rs. 5,00,000/- as a condition for remand. 4. Mrs.K.Vasanthamala, learned Government Advocate, accepts notice on behalf of the respondent. She submits that even a person operating on a thin margin would be liable to pay some amount of tax. In the factual context of the petitioner paying no tax on outward supplies, she submits that the impugned order is justified. She als ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion that the petitioner remits a sum of Rs. 5,00,000/- towards disputed tax liability as agreed to within three weeks from the date of receipt of a copy of this order. The petitioner is also permitted to submit additional documents in support of the reply within the aforesaid period. Subject to receipt of the petitioner's reply and upon being satisfied that the above mentioned sum of Rs. 5,00 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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