Inter-company supplies before an effective merger date must be included in turnover, creating tax liability despite the merger order. Where a merger or amalgamation takes effect from an earlier date, supplies between the merging companies during that interim period must be included in each company's turnover and are taxable; the companies remain treated as distinct for that period and their registrations are cancelled with effect from the order date.
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Provisions expressly mentioned in the judgment/order text.
Inter-company supplies before an effective merger date must be included in turnover, creating tax liability despite the merger order.
Where a merger or amalgamation takes effect from an earlier date, supplies between the merging companies during that interim period must be included in each company's turnover and are taxable; the companies remain treated as distinct for that period and their registrations are cancelled with effect from the order date.
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