Bombay High Court Rules Show Cause Notices Under Section 74 CGST Act Cannot Consolidate Multiple Financial Years
The Bombay High Court has held that issuing a consolidated show cause notice covering multiple financial years or tax periods under Section 74 of the CGST Act is impermissible. The Court quashed such a notice, emphasizing that the statutory scheme requires separate assessment and limitation for each financial year, and authorities must issue notices accordingly.
