Joint and several liability for tax on business transfers ensures transferor and transferee remain responsible for unpaid GST and penalties. Both transferor and transferee are jointly and severally liable for tax, interest and penalty due from the transferor up to the time of a business transfer, including amounts determined after transfer; the transferee is liable for supplies from the date of transfer and, if registered, must apply within the prescribed time to amend the registration certificate.
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.
Joint and several liability for tax on business transfers ensures transferor and transferee remain responsible for unpaid GST and penalties.
Both transferor and transferee are jointly and severally liable for tax, interest and penalty due from the transferor up to the time of a business transfer, including amounts determined after transfer; the transferee is liable for supplies from the date of transfer and, if registered, must apply within the prescribed time to amend the registration certificate.
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