GST Registration or Ownership Change Won’t Disqualify Units from Budgetary Support Scheme: Supreme...

The Supreme Court has affirmed a High Court order, ruling that a "change in GST registration or ownership will not disqualify units from the Budgetary Support Scheme." The court dismissed a petition by the Union of India, stating that the benefits of the scheme are tied to the manufacturing unit itself and its location, not to the identity of the owner or the GST registration. This landmark decision provides significant relief and clarity to companies that have undergone changes in ownership or have had to obtain new GST registrations.