The Punjab and Haryana high court has made it clear that all the disputes related to interest on goods and services tax (GST) and their appeal will be dealt by the GST Tribunal. The order came while disposing of a petition, which challenged a demand of Rs 4,004,832 interest on account of delayed payment of output tax and sought declaration that interest cannot be demanded on the ground of delay in filing return when input tax credit (ITC) exceeding the output liability was available at the end of tax period. The high court directed the commercial tax officer to supply a copy of the order to the petitioner within two weeks and approach the tribunal for the same. Bhagat Cars Pvt Ltd had moved to high court mentioning that during September 2018-March 2019, the petitioner had purchased motor vehicles on payment of GST.
At the end of every month, the petitioner was having more ITC than output tax payable on sale of motor vehicles. However, due to delay in reconciliation of sale discount claim figures with the manufacturer of vehicles, the petitioner failed to file monthly return by due date. The respondent by the impugned order has demanded interest on entire output tax even though nothing was payable or paid from cash credit ledger. So, petition was filed seeking declaration that interest cannot be demanded on the ground of delay in filing return when more ITC than output liability was available at the end of said tax period. Two get 2-year RI in 4 cheque bounce cases In four cases of cheque bounce, the Chandigarh district court has awarded two years rigorous imprisonment to director and managing director of Best Zone Builders and Developers Pvt Ltd, Kharar.
The court has also directed them to pay double the amount that is over Rs 6.51 crore. Rohit Sondhi, a resident of Sector 16D, Chandigarh, and his family had filed a complaint against Best Zone Builders and Developers Pvt Ltd Kharar, its managing director Manmohan Singh and director Paramjit Kaur for cheque bounce. It was mentioned in the complaint that the complainants were the owners of property (total 29 plots and 12 bay shops) measuring 15 kanals 6 Marla at Khuni Majra village (Swagat City), Kharar tehsil, Mohali and the accused approached the Sodhi family to buy the land. Thereafter, an agreement to sell the property (November 28, 2016) was executed between them. In May 2018, the MD of the company issued three cheques amounting to Rs 95.92 lakh, but the same were dishonoured with the remarks of “Drawers signature differs”. After arguments, the court awarded two-years rigorous imprisonment to the accused.