TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 108: Business Transfers Trigger Joint Tax Liability for Transferor and Transferee; Amend Registration Post-Transfer.</h1> Section 108 of the Model GST Law outlines the liability for tax payment in the event of a business transfer. If a taxable person transfers their business, either fully or partially, through sale, gift, lease, or other means, both the transferor and transferee are jointly and severally liable for any outstanding tax, interest, or penalties up to the transfer date. The transferee must also pay taxes on goods and services supplied post-transfer and amend their registration certificate if they are an existing taxable entity.
TaxTMI 
TaxTMI 
