Successor liability under GST: successors and estate representatives remain responsible for unpaid tax, interest or penalty after business changes. Liability under the Act continues against successors and related persons, subject to the Insolvency and Bankruptcy Code exception. On death, a successor carrying on the business is liable for the deceased's tax, interest or penalty; if discontinued, the legal representative is liable out of the estate to the extent it can meet the charge, for amounts determined before or after death. Partition of a composite person, firm dissolution, and termination of guardianship or trust similarly trigger joint and several liability for liabilities arising up to the relevant event.
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.
Successor liability under GST: successors and estate representatives remain responsible for unpaid tax, interest or penalty after business changes.
Liability under the Act continues against successors and related persons, subject to the Insolvency and Bankruptcy Code exception. On death, a successor carrying on the business is liable for the deceased's tax, interest or penalty; if discontinued, the legal representative is liable out of the estate to the extent it can meet the charge, for amounts determined before or after death. Partition of a composite person, firm dissolution, and termination of guardianship or trust similarly trigger joint and several liability for liabilities arising up to the relevant event.
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