First charge on property secures GST tax, interest and penalties as a priority claim against a taxable person's assets. Any amount payable to the Government by a taxable person or any other person on account of tax, interest or penalty is a first charge on that person's property, effective notwithstanding other laws except as 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 secures GST tax, interest and penalties as a priority claim against a taxable person's assets.
Any amount payable to the Government by a taxable person or any other person on account of tax, interest or penalty is a first charge on that person's property, effective notwithstanding other laws except as provided by the insolvency regime.
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