Madras High Court Upholds Invocation of Extended Limitation Under Section 74 GST for Suppressed Turnover in Seigniorage Fee Cases
The Madras High Court has ruled that the invocation of the extended period of limitation under Section 74 of the GST enactments is justified where foundational facts indicate suppression of turnover, particularly in cases involving discrepancies between seigniorage fee payments and declared outward supply. The Court dismissed the writ petitions, granting liberty to pursue statutory appeals.
