Company liquidation liability under GST includes liquidator reporting and possible joint director liability for unrecovered tax dues. Company liquidation under the GST law requires the liquidator to notify the Commissioner within thirty days of appointment, after which the Commissioner may determine the amount sufficient to cover likely tax, interest, or penalty liabilities. In the case of a private company, unrecovered tax, interest, or penalty may be recovered from directors who served during the relevant period, jointly and severally, unless they satisfy the Commissioner that non-recovery was not due to gross neglect, misfeasance, or breach of duty.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Company liquidation liability under GST includes liquidator reporting and possible joint director liability for unrecovered tax dues.
Company liquidation under the GST law requires the liquidator to notify the Commissioner within thirty days of appointment, after which the Commissioner may determine the amount sufficient to cover likely tax, interest, or penalty liabilities. In the case of a private company, unrecovered tax, interest, or penalty may be recovered from directors who served during the relevant period, jointly and severally, unless they satisfy the Commissioner that non-recovery was not due to gross neglect, misfeasance, or breach of duty.
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