sec 81 of cgst act – OnlineTaxUpdate

The Hon’ble Madras High Court in the case S. Geetha held that a Bonafide purchaser of property bought without knowledge of tax arrears can challenge an order under section 81. However, the bonafide nature must be proved.

Lawgics

Lawgics – Judgment No. 167

byNidhi Aggarwal14/08/202414/08/2024

Section 83 prohibits an assessee in default from transferring assets to defeat government revenue interests. Thus, the asseesee must prove bona-fide purchase beyond mere reliance on an encumbrance certificate

Tag: sec 81 of cgst act

Bonafide intent must be proved when property is purchased from GST defaulters

Lawgics – Judgment No. 167