PARMANAND AND SONS FOODS PVT. LTD v. UNION OF INDIA & ORS
High Court, Delhi
Vipin Sanghi, Justice & Sanjeev Narula, Justice
PARMANAND AND SONS FOODS PVT. LTD
v.
UNION OF INDIA & ORS
W.P.(C) 1953/2020 dated 02.03.2020
Law : GST
Decision : Interim
Petitioner has tendered in Court a demand notice dated February 11, 2020 issued by the respondents which reflects liability to the tune of Rs.8,14,059.7649/- towards interest on ITC and liability of Rs.42,71,526.581/- towards interest on cash, totalling to Rs.50,85,586.35/- for the financial year 2017-18 – Petitioner submitted that, firstly, interest on ITC could not be levied since the amount of ITC already stands credited to the account of respondents – Further submits that interest on cash has also been incorrectly levied, in as much as the petitioner had deposited the cash element with the tax in due course, though, there was delay in filing of the returns which could not be a reason to levy interest on cash deposit since the amount was already credited with the respondents.- Held that- Listed the matter on March 04, 2020.
Represented by:
Counsel for the Petitioner: Bharat Bhushan & Nidhi Gupta, Advocates
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