High Court overturned GST Demands against Max Ventures and Industries Limited
The High Court has quashed and set aside orders issued by GST Authorities demanding tax, interest, and penalties from Max Ventures and Industries Limited (MVIL), which ceased to exist as a result of its merger with the Company on July 31, 2023, and has allowed legal proceedings against the Company.
The impunged orders from the Noida GST Department involved an aggregate demand of tax and interest, along with penalties of 3,31,06,559 for FY 2017-18, 2018-19, and 2019-20 under Section 73(9) of the GST Act, 2017.
“The Company strongly feels it maintains strong legal and factual grounds and is fully prepared to deal with and contest any future proceedings, should they be initiated by the authorities against the Company as permitted by the Hon’ble Court,” Max Estates stated in its regulatory filing with the exchange.
Join StudyCafe Membership. For More details about Membership Click Join Membership Button
In case of any Doubt regarding Membership you can mail us at [email protected]
Join Studycafe’s WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!”
