Amalgamation liability: intra-group supplies during the deemed period remain taxable and must be included in turnover. Where a merger order is effective from an earlier date, supplies or receipts of goods or services between the merging companies during the period from the deemed effective date until the date of the order must be included in each company's turnover and are taxable; notwithstanding the order, the companies are treated as distinct entities for that period and their registration certificates are cancelled with effect from the order date.
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.
Amalgamation liability: intra-group supplies during the deemed period remain taxable and must be included in turnover.
Where a merger order is effective from an earlier date, supplies or receipts of goods or services between the merging companies during the period from the deemed effective date until the date of the order must be included in each company's turnover and are taxable; notwithstanding the order, the companies are treated as distinct entities for that period and their registration certificates are cancelled with effect from the order date.
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