Case Details:
| Particular | Details |
| Case No. | R/Special Civil Application No. 1160 of 2019 |
| Case Name | HM Industrial Pvt Ltd Vs Commissioner, CGST & CE |
| Court | Gujarat High Court |
| Date of Judgement | 21-02-2019 |
| Citation | GIG-CLS-0056 |
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Issue- In the above case, the petitioner seeks direction to respondent authority for release of attached bank accounts. Petitioner submitted that the wrongly availed Input tax credit to the tune of Rs. 13,28,00,000/- has been reversed.
Held- It was held that the petitioner has already reversed input tax credit to the tune of Rs. 13,28,00,000. In the opinion of this Court, considering the amount paid by reversing input tax credit, the interest of the Revenue is sufficiently secured. Therefore, the provisional attachment of the above referred bank accounts of the petitioner is no longer justified.
