Bombay HC directs refund of Rs. 4.73 crores recovered from assessee through Bank-Guarantee encashment

Bombay HC through video conferencing directs Mumbai State GST authorities to refund an amount of Rs. 4.73 crores along with statutory interest (within 4 weeks) that was recovered through encashment of Bank Guarantee; Observes that said amount was recovered immediately after passing of order by first appellate authority under Section 107 of the CGST Act even though the appellate Tribunal has not been constituted; Noting that Petitioner had already paid tax amount voluntarily a...