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Bluecross Laboratory gets breather from court over GST summon
 iStockBlue Cross Laboratories had moved court with a writ petition.The Goa Bench of Mumbai High Court gave relief to Blue Cross Laboratories by asking the revenue department not to send summons for those documents which were already submitted by the company. The company was part of many Pharma companies which received fresh summons under Goods and Services Tax in the New Year, ET had reported earlier. Blue Cross Laboratories had moved high Court of Bombay at Goa with a writ petition. "The petitioner is cooperating in the investigations. The petitioner has submitted all the documents required. He also fairly submits that after the filing of the Writ Petition, the respondents have issued letters instead of summons to the petitioner to comply with certain requirements for furnishing the documents which the petitioner has also complied with," the court said.It added that no further summons are required to be issued to the petitioner for the purpose for which the earlier summons were issued," the court said. Summons have legal binding. Any person who an officer summons is obligated to appear before such an officer. Any failure can lead to prosecution, as given in Sections 172 and 174 of the Indian Penal Code, along with a charge of a penalty of Rs 25,000 under the GST law. In August Last year the CBIC issued an instruction to field formations saying that senior management officials of any company or a PSU should not generally be issued the summons in the first instance. They should be summoned only on clear indications in the investigation of their involvement in the decision-making process.Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here!   Sunday, 12 Mar, 2023Experience Your Economic Times Newspaper, The Digital Way!Read Complete Print Edition »Front PagePure PoliticsBottom LineDeep DiveMore Investors, Fintech Cos Help Out Cash-crunched StartupsTop venture investors as well as larger fintech firms such as Razorpay are among those stepping up to provide emergency services to small and mid-stage startups roiled by the abrupt closure of industry lender Silicon Valley Bank in the US on Friday.  India, Oz likely to Wrap Up $100-B Trade Pact by DecIndia and Australia pledged to conclude a comprehensive trade deal by the end of 2023, eyeing $100 billion in bilateral commerce that will seek to deepen engagement in areas such as critical minerals.  Direct Tax Mopup Surges 22.6%India has collected ₹16.68 lakh crore in gross direct tax till March 10 in the ongoing fiscal year, a rise of 22.6% over the year-ago period, shows data released on Saturday. Net of refunds, the collection was ₹13.73 lakh crore, 16.8% higher. Read More News onbluecross laboratorybluecrosspharma sectorbluecross gst casegstmumbai high court(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)Download The Economic Times News App to get Daily Market Updates & Live Business News. ...morelessETPrime stories of the day EnvironmentHow pension funds, rating agencies view coal, and what it means for Adani’s ESG credentials 11 mins readAutoAfter a dream restart, why are Jawa and Yezdi selling in niche numbers? Think capacity constraints. 8 mins readUnder the lensTears from smokeless cooking gas as consumers continue to bear price hikes on top of subsidy cuts 6 mins read |
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