November 20, 2025
Bona Fide Purchaser Protected from Section 74 GST Proceedings: Allahabad HC
IntelME Verdict
Compliance Protection
TL;DR
Allahabad High Court ruled that bona fide purchasers are shielded from GST Section 74 proceedings if supplier was registered and paid taxes during transaction.
Analysis
This ruling by Allahabad High Court provides clarity and protection for bona fide purchasers in GST Section 74 proceedings. Tax professionals need to be aware of this decision as it emphasizes the importance of supplier verification and compliance to shield purchasers from penalties, impacting how transactions are evaluated for compliance risks.
Source
TaxGuru Legal (India)↗Share:
