First charge on property secures GST liabilities, interest and penalties over other laws, subject to insolvency law. Amounts payable by a taxable person for tax, interest or penalty under the Rajasthan GST regime constitute a first charge on that person's property, taking priority notwithstanding contrary law, but subject to the Insolvency and Bankruptcy Code exception.
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Provisions expressly mentioned in the judgment/order text.
First charge on property secures GST liabilities, interest and penalties over other laws, subject to insolvency law.
Amounts payable by a taxable person for tax, interest or penalty under the Rajasthan GST regime constitute a first charge on that person's property, taking priority notwithstanding contrary law, but subject to the Insolvency and Bankruptcy Code exception.
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