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of <h1>Firm and Partners Jointly Liable for GST Payments under Section 111; Notify Commissioner on Partner Retirement to Limit Liability.</h1> Under Section 111 of the Model GST Law, 2016, if a firm is liable to pay tax, interest, or penalty, both the firm and its partners are jointly and severally responsible for the payment, regardless of any contrary agreement. Upon a partner's retirement, the firm or the retiring partner must inform the Commissioner in writing of the retirement date. The retiring partner remains liable for any tax, interest, or penalty due up to their retirement date. If notification is not provided within one month, the partner's liability continues until the Commissioner receives the notice.
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