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GST - Highlights / Catch Notes

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Refund of deposit - reversal of ITC - The amount was allegedly ...

Case Laws     GST

March 6, 2024

Refund of deposit - reversal of ITC - The amount was allegedly recovered from them during search proceedings - The High Court noted that the deposit in this case lacked voluntariness and contravened CBIC Instructions which prohibits coercive recovery during search proceedings. - Therefore, the court directed the respondents to refund the amount so recovered along with statutory interest @ 6% p.a. from the date of deposit till repayment, within four weeks.

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