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2018 (10) TMI 1839 - HC - GSTLevy of interest under Section 42(3) of the Tamil Nadu Value Added Tax Act, 2006 - failure to transfer the amount lying to the credit of merged company after merger - HELD THAT:- In view of the submission made by the learned Senior Counsel appearing for the petitioner that the petitioner would pay the sum of ₹ 2,17,72,602/- without any dispute, there will be an order of interim stay of recovering interest alone in pursuant to the impugned proceedings, subject to the condition that the petitioner pays the sum of ₹ 2,17,72,602/- within a period of two weeks from the date of receipt of a copy of this order. Post the matter on 25.10.2018 for reporting compliance and getting instructions.
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