Buyer Not Liable for Supplier’s Post-Sale GST Deregistration: Allahabad HC

Singhal Iron Traders Vs Additional Commissioner And Another (Allahabad High Court) GST Section 74 Proceedings Quashed as Supplier’s Post-Transaction Cancellation Cannot Penalize Buyer; ITC Validity Upheld Despite Supplier Deregistration: Allahabad HC Quashes Rs. 1.95 Lakh Penalty; Buyer Not Liable for Supplier’s Post-Sale GST Deregistration – Allahabad HC Judgment; GST Penalty Quashed: Subsequent Supplier Deregistration Cannot Affect Buyer’s ITC; Section 74 GST Action Invalid Without Verification of Supplier Existence at Time of Sale. Brief facts: The petitioner was a registered dealer...