Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
The HC dismissed the writ petition without adjudicating merits and directed restoration of the petitioner's GST registration subject to strict conditions. The petitioner must file outstanding returns and deposit taxes, penalties and interest within seven days; upon completion of requisite formalities the Competent Authority shall immediately restore the GST number. The order follows the prior technical dismissal on limitation but, without expressing any view on substantive liability, permits restoration on the petitioner's undertaking to comply with statutory obligations. Failure to comply within the stipulated seven-day period will render this directive inoperative. The writ petition is disposed of accordingly.
The HC dismissed the writ petition without adjudicating merits and directed restoration of the petitioner's GST registration subject to strict conditions. The petitioner must file outstanding returns and deposit taxes, penalties and interest within seven days; upon completion of requisite formalities the Competent Authority shall immediately restore the GST number. The order follows the prior technical dismissal on limitation but, without expressing any view on substantive liability, permits restoration on the petitioner's undertaking to comply with statutory obligations. Failure to comply within the stipulated seven-day period will render this directive inoperative. The writ petition is disposed of accordingly.
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