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of <h1>Section 89 CGST Act: Private Company Directors Liable for Unpaid Taxes Unless Proven Not Due to Neglect or Misfeasance.</h1> Directors of a private company are jointly and severally liable for unpaid taxes, interest, or penalties related to the company's supply of goods or services if these cannot be recovered. This liability applies unless the director can prove that the non-recovery was not due to their gross neglect, misfeasance, or breach of duty. If the company converts to a public company, directors are not liable for dues incurred before the conversion, except for personal penalties. This is outlined under Section 89 of the CGST Act, emphasizing the directors' accountability during the period when the company was private.
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