HC: Upholds validity of SCN issued to recover amount wrongly carried forward in TRAN-1

Delhi HC dismisses assessee’s petition upholding the validity of Substantive SCN to show cause as to why the amount allegedly wrongly carried forward in GST TRAN-1 statement, should not be recovered under Section 73 of the CGST Act, 2017 along with interest and penalty; Notes that Revenue have followed the statutory scheme whilst the earlier notices were only to make inquiries and the matter is at the stage of the examination of Petitioner’s response to SCN: Opines that, ...