Liability on company amalgamation: intercompany supplies count in respective turnover and attract tax until formal order. Supplies or receipts between companies subject to a retrospective amalgamation or merger order must be included in each company's turnover and are liable to tax; despite retrospective effect, the companies are treated as distinct until the order date and their registrations are cancelled effective from that date.
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.
Liability on company amalgamation: intercompany supplies count in respective turnover and attract tax until formal order.
Supplies or receipts between companies subject to a retrospective amalgamation or merger order must be included in each company's turnover and are liable to tax; despite retrospective effect, the companies are treated as distinct until the order date and their registrations are cancelled effective from that date.
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