Joint and several liability of partners ensures firm and partners remain responsible for GST obligations until formal retirement notice is received. The firm and each partner are jointly and severally liable for any tax, interest or penalty under the Act regardless of contract; a retiring partner remains liable for obligations up to the retirement date until the Commissioner receives written notice of retirement, and if no notice is given within one month after retirement the partner s liability continues until receipt of such intimation.
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 of partners ensures firm and partners remain responsible for GST obligations until formal retirement notice is received.
The firm and each partner are jointly and severally liable for any tax, interest or penalty under the Act regardless of contract; a retiring partner remains liable for obligations up to the retirement date until the Commissioner receives written notice of retirement, and if no notice is given within one month after retirement the partner s liability continues until receipt of such intimation.
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