Penalty cannot be imposed merely because it is lawful to do so
Last updated: 22 July 2021
Court :
Karnataka High Court
Brief :
In M/s Mangalore Refinery and Petrochemicals Limited v. the State of Karnataka [S.T.R.P. No. 433 of 2017 decided on July 1, 2021] M/s Mangalore Refinery and Petrochemicals Limited ('the Petitioner') is engaged in the activity of manufacture and sale of petroleum products. The Petitioner filed a petition against the order dated May 24, 2017 ('the Order') by the passed by the Karnataka Appellate Tribunal denying the input tax credit ('ITC') in respect of capital goods and imposing penalty stating that penal provisions are mandatory.
Citation :
S.T.R.P. No. 433 of 2017 decided on July 1, 2021
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Bimal Jain
Published in GST
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