Joint and several liability makes transferor and transferee responsible for tax liabilities arising up to a business transfer. Where a taxable person transfers a business in whole or in part, the transferor and transferee are jointly and severally liable for tax, interest or penalty due up to the date of transfer, whether determined before or after the transfer; the transferee is liable for tax on supplies from the date of transfer and must, if registered, apply within the prescribed time to amend the 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 makes transferor and transferee responsible for tax liabilities arising up to a business transfer.
Where a taxable person transfers a business in whole or in part, the transferor and transferee are jointly and severally liable for tax, interest or penalty due up to the date of transfer, whether determined before or after the transfer; the transferee is liable for tax on supplies from the date of transfer and must, if registered, apply within the prescribed time to amend the registration certificate.
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