Bombay High Court Holds Consolidated Show Cause Notices for Multiple Financial Years Impermissible Under Section 74 of CGST Act
The Bombay High Court has ruled that issuing a single show cause notice consolidating multiple financial years or tax periods under Section 74 of the CGST Act is not permissible. The Court quashed such a notice and order, emphasizing that each financial year must be treated as a separate tax period for assessment and recovery purposes.
