SC: Grants interim relief pursuant to SLP challenging Sec 132 invocation without assessment

SC grants interim stay pursuant to SLP challenging invocation of Sec 132 of CGST Act, 2017 to raise Rs. 19 Cr demand without completion of assessment proceedings, subject to deposit of Rs. 2 Cr within 1 week; Notes assessee’s plea, that it was open to him to file appeal (after deposit of 10% of disputed liability) once the assessment order is passed even if the alleged liability was to be accepted; Further states that if the Petitioner fails to deposit the amount and produc...