First charge on property: taxes, interest and penalties attach as priority claim despite other laws, subject to insolvency code. Taxes, interest and penalties payable by a taxable person under the Punjab GST framework operate as a first charge on that person's property, ... Summary
First charge on property: taxes, interest and penalties attach as priority claim despite other laws, subject to insolvency code.
Taxes, interest and penalties payable by a taxable person under the Punjab GST framework operate as a first charge on that person's property, notwithstanding any law to the contrary, subject to the Insolvency and Bankruptcy Code, 2016.
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