First charge on property: GST liabilities including tax, interest and penalty rank ahead of other claims, subject to insolvency law. Tax liabilities under the Goa Goods and Services Tax framework, including tax, interest and penalty, constitute a first charge on the property of the ... Summary
First charge on property: GST liabilities including tax, interest and penalty rank ahead of other claims, subject to insolvency law.
Tax liabilities under the Goa Goods and Services Tax framework, including tax, interest and penalty, constitute a first charge on the property of the taxable person or other person liable to pay, notwithstanding inconsistent provisions in other laws, subject to the exception provided by the insolvency regime.
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