Joint and several liability on business transfer means both transferor and transferee remain liable for unpaid GST obligations. Transfer of a business creates joint and several liability for unpaid tax, interest and penalties up to the time of transfer, whether determined before or after transfer; the transferee who carries on the business is liable for tax on supplies from the date of transfer and must apply within the prescribed time to amend his registration certificate.
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 on business transfer means both transferor and transferee remain liable for unpaid GST obligations.
Transfer of a business creates joint and several liability for unpaid tax, interest and penalties up to the time of transfer, whether determined before or after transfer; the transferee who carries on the business is liable for tax on supplies from the date of transfer and must apply within the prescribed time to amend his registration certificate.
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