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of <h1>Directors Jointly Liable for Unpaid Central Sales Tax in Company Liquidation Unless Exempt by Section 18C, Central Sales Tax Act.</h1> When a private company is liquidated, and taxes assessed under the Central Sales Tax Act, 1956 cannot be recovered, all individuals who served as directors during the period for which the tax is due are held jointly and severally liable for payment. This liability applies unless a director can demonstrate that the failure to recover the tax is not due to their gross neglect, misfeasance, or breach of duty concerning the company's affairs. This provision overrides any contrary stipulations in the Companies Act, 1956.
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