Joint and several liability of partners: partners remain responsible for firm GST liabilities; retirement effective only after notice. Partners are jointly and severally liable with their firm for tax, interest or penalty; a retiring partner remains liable for liabilities up to the date of retirement unless the firm or partner gives written intimation of retirement to the Commissioner, and if no intimation is received within one month the retiring partner's liability continues until receipt of such intimation.
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 of partners: partners remain responsible for firm GST liabilities; retirement effective only after notice.
Partners are jointly and severally liable with their firm for tax, interest or penalty; a retiring partner remains liable for liabilities up to the date of retirement unless the firm or partner gives written intimation of retirement to the Commissioner, and if no intimation is received within one month the retiring partner's liability continues until receipt of such intimation.
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