In the false input credit case, Patanjali Ayurved will have to cough up ₹273 crore by way of penalty. However, it looks like this is not the end of the matter as the company will most likely contest before the Supreme Court the irony of allowing penalty even as the High Court effectively invalidated Section 122 of the GST Act, observes Chartered Accountant and tax legal expert S Murlidharan in this week’s Legal Digest.Case 1: Court changes criminal charges into civil in false input credit case, but allows penalty procedures Continue Reading with CNBC-TV18 Access MembershipPriority Access and Networking: CNBC-TV18’s flagship events Interaction with CNBC-TV18’s journalists Webinars & LIVE Q&As with India Inc. Leaders Exclusive CNBC-TV18 studio & newsroom tours Premium business insights, expert opinions & analysis Curated lifestyle privileges & offersBecome A Member
Legal Digest: Input credit under GST shouldn’t be fabricated, but criminal charges may be waived
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