BCD exemption for specified display assembly inputs extended for automotive, medical and industrial applications, with defined exclusions and sunset d...
The High Court allowed the petition seeking revocation of registration cancellation u/s 30 of the GST Act. The Court recognized the serious consequences of cancellation on the petitioner's business and emphasized the Act's objective of tax collection. The petitioner was permitted to apply u/s 30 upon payment of Rs. 6,19,258.85 and other penalties. The payment of interest was without prejudice to the petitioner's rights, allowing challenge within 30 days. The decision reflects a liberal approach towards defaulters to enable businesses to continue operations.
The High Court allowed the petition seeking revocation of registration cancellation u/s 30 of the GST Act. The Court recognized the serious consequences of cancellation on the petitioner's business and emphasized the Act's objective of tax collection. The petitioner was permitted to apply u/s 30 upon payment of Rs. 6,19,258.85 and other penalties. The payment of interest was without prejudice to the petitioner's rights, allowing challenge within 30 days. The decision reflects a liberal approach towards defaulters to enable businesses to continue operations.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
