Amalgamation liability: inter-company supplies during the retrospective period must be included in turnover and taxed accordingly. When a merger order takes effect retrospectively, supplies between the constituent companies during the interim period must be included in each company's turnover and taxed accordingly; the constituent companies remain treated as distinct companies for that period, and their registration certificates are cancelled with effect from the date of the order.
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: inter-company supplies during the retrospective period must be included in turnover and taxed accordingly.
When a merger order takes effect retrospectively, supplies between the constituent companies during the interim period must be included in each company's turnover and taxed accordingly; the constituent companies remain treated as distinct companies for that period, and their registration certificates are cancelled with effect from the date of the order.
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