GST registration cancellation for non-disclosure of bank details and multiple registrations linked to a joint account is addressed as curable procedural non-compliance where fraud, fake invoicing, circular trading and tax evasion are absent. Because cancellation has serious civil consequences and GST law prioritises compliance over punishment, taxpayers willing to furnish correct bank details, file pending returns and pay statutory dues, interest and penalty should receive an opportunity to establish bona fides. Cancellation may be set aside and restoration considered through a reasoned hearing, with restoration conditional on filing pending returns and payment of outstanding dues.
GST registration cancellation for non-disclosure of bank details and multiple registrations linked to a joint account is addressed as curable procedural non-compliance where fraud, fake invoicing, circular trading and tax evasion are absent. Because cancellation has serious civil consequences and GST law prioritises compliance over punishment, taxpayers willing to furnish correct bank details, file pending returns and pay statutory dues, interest and penalty should receive an opportunity to establish bona fides. Cancellation may be set aside and restoration considered through a reasoned hearing, with restoration conditional on filing pending returns and payment of outstanding dues.
Note: It is a system-generated summary and is for quick reference only.
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