MP HC Allows Conditional Restoration of GST Registration on Cost Payment

K N Developers And Buildcon Pvt Ltd Vs State of Madhya Pradesh And Others (Madhya Pradesh High Court) The Madhya Pradesh High Court, in the case of K N Developers And Buildcon Pvt Ltd vs. State of Madhya Pradesh And Others, set aside the cancellation of the petitioner’s GST registration, offering a fresh opportunity for its restoration. The court’s decision was based on the view that bringing the taxpayer back into the formal tax economy serves the greater interest of the revenue, provided the taxpayer agrees to full compliance and pays a penalty for the initial default. High Court...