Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Partners Jointly Liable for Firm's Tax, Interest, Penalties Under Bihar GST Act 2017; Notification Required on Retirement</h1> Under the Bihar Goods and Services Tax Act, 2017, if a firm is liable for tax, interest, or penalties, both the firm and its partners are jointly and severally responsible for payment, regardless of any contrary agreements or laws. If a partner retires, the firm must notify the Commissioner in writing of the retirement date. The retiring partner remains liable for obligations up to the retirement date, whether assessed or not. If the notification is not provided within one month, the partner's liability continues until the Commissioner receives the notice.