Suppression of Turnover justifies invocation of Sec 74

The Madras High Court has upheld GST demands raised under Section 74 of the CGST/TNGST Acts against a quarry operator, holding that significant disparity between seigniorage fee payments and turnover reported in GST returns constituted sufficient material to invoke the extended limitation period for suppression of turnover. 

The Court declined to interfere in writ jurisdiction and directed the assessee to pursue the statutory appellate remedy.