Inter-company supply taxation: interim transactions in mergers count in turnover and remain taxable despite retrospective merger orders. Inter-company supplies made between the retrospective effective date of an amalgamation or merger order and the order date are included in each company's turnover and are taxable; constituent companies are treated as distinct persons up to the order date and their registration certificates are cancelled with effect from the order's effective 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.
Inter-company supply taxation: interim transactions in mergers count in turnover and remain taxable despite retrospective merger orders.
Inter-company supplies made between the retrospective effective date of an amalgamation or merger order and the order date are included in each company's turnover and are taxable; constituent companies are treated as distinct persons up to the order date and their registration certificates are cancelled with effect from the order's effective date.
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