Tax Authority Cannot Apply 40% Turnover Rule Without Statutory Basis When Actual Transaction Data Already Submitted

Tax Authority Cannot Apply 40% Turnover Rule Without Statutory Basis When Actual Transaction Data Already SubmittedCase-LawsGSTHC set aside both assessment and rectification orders, finding no statutory basis for computing tax on 40% of total turnover as

Tax Authority Cannot Apply 40% Turnover Rule Without Statutory Basis When Actual Transaction Data Already Submitted
Case-Laws
GST
HC set aside both assessment and rectification orders, finding no statutory basis for computing tax on 40% of total turnover as taxable transactions within Bihar state. The petitioner had already shown specific gross turnover in annual returns. Court directed petitioner to appear before Assessing Officer with supporting documentation on December 20, 2024. Ass

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