GST Audit cannot be conducted after winding up of business
Last updated: 14 September 2023
Court :
Madras High Court
Brief :
The Hon'ble Madras High Court in Tvl. Raja Stores v. The Assistant Commissioner (ST), West Veli Street Circle [W.P.(MD). No. 15291 of 2023 dated August 11, 2023] held that, that Section 65 ("Audit by tax authorities") of the Central Goods and Services Tax Act, 2017 ("the CGST Act") applies only to registered businesses and concluded that authorities cannot conduct audits for businesses that have closed and further clarified that there is no barring in initiating proceeding under Section 73 and 74 of the CGST Act.
Citation :
W.P.(MD). No. 15291 of 2023 dated August 11, 2023
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Bimal Jain
Published in GST
Views : 248
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