The High Court of Andhra Pradesh has clarified that a bonafide purchaser cannot be held liable for the Goods and Services Tax (GST) irregularities of the seller. The court clarified that the responsibility of the purchaser is limited to proving the genuineness of the transaction and ensuring compliance with the GST Act.
Source: www.taxscan.in
Latest Posts in "India"
- Maharashtra Cuts Aviation Fuel VAT, Easing Airline Costs Amid Iran War Disruptions
- Supreme Court Bars Uttar Pradesh from Levying VAT on Interstate Natural Gas Sales
- Are Liquidated Damages Under GST a Taxable Service or Mere Compensation for Breach?
- Government May Restrict Manual Edits in GSTR-3B to Curb GST Mismatches
- Corporate guarantee without consideration among group entities falls outside the ambit of GST
