Legal Digest: Input credit under GST shouldn’t be fabricated, but criminal charges may be waived

In the false input credit case, Patanjali Ayurved will have to cough up ₹273 crore by way of penalty. However, it looks like this is not the end of the matter as the company will most likely contest before the Supreme Court the irony of allowing penalty even as the High Court effectively invalidated Section 122 of the GST Act…