9911796707
TMI Blog2024 (10) TMI 203X X X X Extracts X X X X X X X X Extracts X X X X ..... ailable in the electronic credit ledger for discharge of its entire liability towards the outward supplies. The taxpayer s utilisation of ITC for the aforesaid purpose is confined to a maximum of 99% of its liability towards output supply. Accordingly, the petitioner deposited a sum of ₹80,000/-. The petitioner contends that with the deposit of the said amount, it has satisfied the requirement of paying at least 1% of its liability on outward supplies. Insofar as the payment of 1% of liability on outward supplies is concerned, the petitioner would ensure that it deposits the amount under the relevant form or furnishes the necessary forms for duly recording the payment of tax against its liability within a period of two working days fr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... earing GSTIN registration no. 07AZTPG3566F1Z2 forthwith; and ii. Direct the Respondent authorities to confirm compliance by the Petitioner of the Show Cause Notice and take all necessary steps to restore the Petitioner s GST status without any further delay 4. The petitioner was registered under the Central Goods and Services Tax Act, 2017 (hereafter the CGST Act)/ the Delhi Goods and Services Tax Act, 2017 (hereafter the DGST Act) and was assigned the Goods and Services Tax Identification Number (GSTIN): 07AZTPG3566F1Z2. 5. The proper officer issued a Show Cause Notice dated 14.08.2024 (hereafter the SCN) proposing to cancel the petitioner s GST registration. The only reason set out in the SCN reads as under: Rule 21(g)-person violates the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sociations or Board of Trustees, as the case may be, have paid more than one lakh rupees as income tax under the Income-tax Act, 1961(43 of 1961) in each of the last two financial years for which the time limit to file return of income under sub-section (1) of Section 139 of the said Act has expired; or (b) the registered person has received a refund amount of more than one lakh rupees in the preceding financial year on account of unutilised input tax credit under clause (i) of first proviso of sub-section (3) of Section 54; or (c) the registered person has received a refund amount of more than one lakh rupees in the preceding financial year on account of unutilised input tax credit under clause (ii) of first proviso of sub-section (3) of S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng included in a list of fake firms. 10. Insofar as the payment of 1% of liability on outward supplies is concerned, the petitioner would ensure that it deposits the amount under the relevant form or furnishes the necessary forms for duly recording the payment of tax against its liability within a period of two working days from date. Insofar as the allegation that the petitioner s name is included in the list of fake firms is concerned, there is no allegation to the said effect in the SCN. Thus, clearly, the same cannot be a ground for continuing to suspend the petitioner s GST registration. 11. It is necessary to bear in mind that suspension of a taxpayer s GST registration has wide adverse ramifications for the business of the taxpayer. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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