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2020 (7) TMI 608 - HC - GSTVires of Section 171 of the Central Goods and Services Tax Act, 2017 and Chapter XV of Central Goods and Services Tax Rules, 2017 - refund of profiteered amount - stay on recovery of balance amount - HELD THAT:- Granting an absolute stay with respect to the balance amount of ₹ 1.92 crores approx. may result in the flat buyers of the petitioner being left without a flat as well as without the benefit of the amounts which have already been ordered to be refunded to them. We are therefore not inclined to grant stay of recovery of the balance amount - eight weeks’ time granted to the petitioner to deposit the balance amount in this Court, if the proof of having already given benefit of an amount of ₹ 1.53 crores is furnished to the authority concerned. However, there shall be a stay of proceedings for recovery of penalty. List on on 24th August, 2020.
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