Non-Renewal of GST Bank Guarantees: Bombay HC imposes Cost of Rs. 15 Lakh [Read Order]

The bank guarantees had already expired, and neither were they renewed, nor did the State GST Authority inform the petitioner about the renewal.
By Aiswarya Krishnadas - On July 7, 2024 9:50 pm - 2 mins read
Bombay High Court - Bombay HC - Non-Renewal - GST Bank - Goods and Services Tax - GST updates - taxscan

The Bombay High Court has imposed a cost of Rs. 15 lakh due to the non-renewal of Goods and Services Tax (GST) bank guarantees. The assessee has furnished a Bank Guarantee in all three Petitions for the release of goods. Therefore, to ascertain the status of these Bank Guarantees, these Petitions were listed for direction…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader