Bona Fide Purchaser Protected from Section 74 GST Proceedings: Allahabad  HC

The Allahabad High Court's ruling sets a precedent by protecting bona fide purchasers from Section 74 GST proceedings if the supplier was compliant during the transaction. This decision clarifies that subsequent issues with the supplier's registration do not automatically implicate the purchaser, emphasizing the importance of due diligence in transactions to avoid unwarranted penalties.