The Bombay High Court has stayed the provisional attachment of a company’s cash credit account, observing that such an account cannot be treated as “property” under the GST framework. The bench of Justice G. S. Kulkarni and Justice Aarti Sathe has relied on its own ruling in the case of Skytech Rolling Mill Pvt. Ltd….
Cash Credit Account Is Not “Property” Under GST: Bombay High Court Stays Attachment
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.
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