Dehradun/Prayagraj, 3 June. Patanjali gst penalty: Patanjali Ayurveda company, which has earned a big name in the world of Yoga and Ayurveda, has now suffered a major setback on the legal front. Allahabad High Court Has validated the recovery process of penalty of Central Goods and Services Tax (CGST) of Rs 273.5 crore on the company.
Court rejected Patanjali’s petition
In the petition filed by Patanjali, it was claimed that if the main prosecution (Section 74) in the GST theft case is over, then the process of penalty (Section 122) should also be considered as the end. But Justice Shekhar B. A division bench of Saraf and Justice Vipin Chandra Dixit dismissed the plea that would be ‘misleading’ as ‘misleading’ (Patanjali GST Penalty).
Which units are under investigation?
The CGST department is eyeing Patanjali’s three main units:
Haridwar (Uttarakhand)
Sonipat (Haryana)
Ahmednagar (Maharashtra)
These units include irregularities, tax evasion and misuse of input tax credit (ITC) in invoicing between April 2018 and March 2022 (Patanjali GST Penalty).
https://www.youtube.com/watch?v=w30Ykjofcyq
What is the meaning of Uttarakhand?
The headquarters of Patanjali located in Haridwar is a major source of state economy and employment. This penalty recovery may affect the industrial image of Uttarakhand and the accountability of the government will also increase how serious it is about tax compliance.
Now what next?
CGST officers will now further extend the process of recovering penalty from Patanjali (Patanjali GST Penalty).
In future, criminal prosecution action can also be taken against the company under Section-132 to 138, which can reach the jail.
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