Tax as first charge on property asserts governmental priority over a taxpayer's assets, subject to insolvency-code exceptions. Taxes, interest and penalties owed to the Government constitute a first charge on the property of the person liable under the Jammu and Kashmir Goods and Services Tax framework, prevailing over other laws except where the Insolvency and Bankruptcy Code, 2016 as applicable to the State provides otherwise.
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.
Tax as first charge on property asserts governmental priority over a taxpayer's assets, subject to insolvency-code exceptions.
Taxes, interest and penalties owed to the Government constitute a first charge on the property of the person liable under the Jammu and Kashmir Goods and Services Tax framework, prevailing over other laws except where the Insolvency and Bankruptcy Code, 2016 as applicable to the State provides otherwise.
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