Visitors
  • 1
  • 1
  • 4
  • 2
  • 7
  • 0
  • 6
  • 1
  • Download Taxlok Shortcut
  • Download Easy Tax Android Mobile App
  • Download Easy Tax IOS Mobile App
WELCOME TO TAXLOK.COM. THIS SITE IS TO SOLVE ALL YOUR TAX PROBLEMS. SUBSCRIBE OUR PRODUCTS ONLINE AND OFFLINE FOR QUICK SOLUTION OF YOUR TAX PROBLEMS AND STAY AHEAD IN YOUR PROFESSION. YOU CAN SUBSCRIBE RIGHT NOW. || WELCOME TO TAXLOK.COM. THIS SITE IS TO SOLVE ALL YOUR TAX PROBLEMS. SUBSCRIBE OUR PRODUCTS ONLINE AND OFFLINE FOR QUICK SOLUTION OF YOUR TAX PROBLEMS AND STAY AHEAD IN YOUR PROFESSION. YOU CAN SUBSCRIBE RIGHT NOW. || WELCOME TO TAXLOK.COM. THIS SITE IS TO SOLVE ALL YOUR TAX PROBLEMS. SUBSCRIBE OUR PRODUCTS ONLINE AND OFFLINE FOR QUICK SOLUTION OF YOUR TAX PROBLEMS AND STAY AHEAD IN YOUR PROFESSION. YOU CAN SUBSCRIBE RIGHT NOW.
SUBSCRIBE OUR LIBRARIES SUBSCRIBE OUR MAGAZINE

Latest GST Judgments

For Full Access To All Latest Judgments on GST
Click Here To Subscribe Now
Take a tour of our GST Library

Satisfaction to be recorded before passing order of attachment of Assets under GST

Shanti Prime Publication Pvt. Ltd.
Attachment order — In the instant case, The Assessee Company is engaged in manufacturing & supplying TMT bars and paid GST on the same. The Revenue visited the Assessee's factory & compared stock of raw material & finished goods with recorded quantity of the same. Investigation at the end of the transporters revealed that the Assessee supplied & received goods without payment of tax. The Assessee was also compelled to give postdated cheques towards payment. Later the Revenue passed an order of attachment against the stock found to be in excess. Several bank accounts operated by the Assessee & its executives were also attached - The Assessee claimed that the attachment of the bank accounts had crippled the day-to-day activities of the Assessee & was impeding upon its ability to pay taxes.
Held that—As per mandate of Section 83(1) of the GGST Act, the Commissioner must record written reasons before attaching any property or bank accounts or taking any such drastic action. Besides, the Commissioner must record satisfaction that such action was justified so as to protect the Revenue's interests. In the present case, the Commr recorded no such satisfaction. Hence no opinion could be formed to validate the provisional attachment of property. Hence the attachment order is unsustainable. — Patran Steel Rolling Mill Vs. Assistant Commissioner of State Tax, Unit 2 [2018] 7 TAXLOK.COM 048 (Gujarat)
Professional services available
Check Your Tax Knowledge
Youtube
Product Demo
HR Consulting services
Professional services available
Tax Lok English Viedo
Tax Lok Hindi Viedo

FOR FREE CONDUCTED TOUR OF OUR ON-LINE LIBRARIES WITH OUR REPRESENTATIVE-- CLICK HERE
Copyright Arvind Mathur. All Rights Reserved Developed by Prakhar Softech Services Pvt. Ltd. (In Association with Shanti Prime Publication Pvt. Ltd.)

FOR ANY SUPPORT ON GST/INCOME TAX

Do You Want To Take FREE DEMO Of Our GST/Income Tax Library.