Notice Issued on Plea Challenging Section 127 CGST Act Over 'Unbridled' Power to Impose Penalty on Assessee: Allahabad High Court

In a recent development, the Allahabad High Court has taken cognizance of a constitutional challenge to Section 127 of the Central Goods and Services Tax Act, 2017 and the corresponding State Goods and Services Tax Act, 2017. The challenge has been raised by Shree Balaji Aromatics Pvt. Ltd, a registered company engaged in the manufacturing and trading of aromatic chemicals. Petitioner seeks to declare penalty provisions unconstitutional The petitioner, represented…