Delhi HC rules ₹5 lakh penalty on trader over ITC fraud
Delhi HC fined a trader ₹5-lakh over signs of fraudulent Input Tax Credit (ITC) claims. The trader had approached the court, saying GST Department was delaying cancellation of his GST registration. The Department informed HC that the petitioner had recorded a turnover of over ₹7 crore within seven months and had not paid any GST in cash during that period.