₹12 Crore GST Demand on Exide Industries Set Aside, But ₹1 Lakh Cost Imposed for Delay in Responding to Notices: Delhi High Court
In a notable judgment, the Delhi High Court has set aside a Goods and Services Tax (GST) demand of over ₹12 crore issued to Exide Industries Ltd., a leading storage battery manufacturer. The Court found that the demand was raised without affording the company a fair hearing, thus violating the principles of natural justice. However, the Court also took note of the laxity shown by the company in responding to…
