Tax liability can be paid in monthly installments
Last updated: 14 October 2024
Court :
Madras High Court
Brief :
The Hon'ble Madras High Court in the case of M/s Ohm Srinivasa Paper Boards (P.) Ltd. v. Assistant Commissioner of Central GST and Central Excise [Writ Miscellaneous Petition (MD) Nos. 7930 and 7932 of 2022 dated July 03, 2024] directed the Assessee to pay balance amount for the past period in 12 monthly installments from August 01, 2024 to July 01, 2025, considering the accumulated losses and partial payment is already made, where the Assessee failed to discharge the liability as per law under Section 142 of the Central Goods and Services Act, 2017 ("the CGST Act"). Hence, the writ petition was disposed of.
Citation :
Writ Miscellaneous Petition (MD) Nos. 7930 and 7932 of 2022 dated July 03, 2024
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Bimal Jain
Published in GST
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