FASHION PLANET v. SUPERINTENDENT, CENTRAL GST & CENTRAL EXCISE & ORS

Introduction

The petitioner, Fashion Planet, challenged an order dated 20.02.2024 whereby the adjudicating authority confirmed the reversal of Input Tax Credit (ITC) amounting to ₹2,43,273 relating to certain months of the financial year 2018-19. Apart from confirming the tax demand, the authority also imposed interest and penalty under the CGST/SGST Act.

During the adjudication proceedings, the petitioner had already discharged the entire tax liability. Consequently, the dispute before the High Court was confined only to the levy of interest and penalty.