2024 (8) TMI 1253

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..... portunity to contest the tax demand on merits - HELD THAT:- The petitioner has placed on record the electronic credit ledger, which shows reversal in May 2022. Such reversal is also reflected in the petitioner's GSTR 3B return for the month of May in the year 2022-2023. In these circumstances, albeit by putting the petitioner on terms, reconsideration is necessary. The impugned order dated 19. .....

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..... ed the available ITC in May 2022. On account of not being aware of proceedings culminating in the impugned order, the petitioner asserts that it was unable to explain that ITC was reversed. 3. Learned counsel for the petitioner referred to the petitioner's electronic credit ledger and the GSTR 3B return for the month of May in the year 2022-2023 to point out that the total ITC of Rs. 11,46,060 .....

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..... #39;s GSTR 3B return for the month of May in the year 2022-2023. In these circumstances, albeit by putting the petitioner on terms, reconsideration is necessary. 6. For reasons set out above, the impugned order dated 19.12.2023 is set aside and the matter is remanded for reconsideration on condition that the petitioner remits 10% of the disputed tax demand as agreed to within a period of two weeks .....

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