Liability on amalgamation: inter-company supplies during the backdated period must be included in turnover and taxed. When companies are amalgamated or merged with an order effective from an earlier date, inter-company supplies and receipts during the intervening period must be included in each company's turnover and are liable to tax; the companies remain treated as distinct for that interim period and their registrations are cancelled effective from the order date.
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Provisions expressly mentioned in the judgment/order text.
Liability on amalgamation: inter-company supplies during the backdated period must be included in turnover and taxed.
When companies are amalgamated or merged with an order effective from an earlier date, inter-company supplies and receipts during the intervening period must be included in each company's turnover and are liable to tax; the companies remain treated as distinct for that interim period and their registrations are cancelled effective from the order date.
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