First charge on property: GST liabilities including tax, interest and penalty rank ahead of other claims, subject to insolvency law. Tax liabilities under the Goa Goods and Services Tax framework, including tax, interest and penalty, constitute a first charge on the property of the taxable person or other person liable to pay, notwithstanding inconsistent provisions in other laws, subject to the exception provided by the insolvency regime.
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.
First charge on property: GST liabilities including tax, interest and penalty rank ahead of other claims, subject to insolvency law.
Tax liabilities under the Goa Goods and Services Tax framework, including tax, interest and penalty, constitute a first charge on the property of the taxable person or other person liable to pay, notwithstanding inconsistent provisions in other laws, subject to the exception provided by the insolvency regime.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.