https://www.taxtmi.com/article/detailed?id=7039 Liability for GST on transfer of business is joint and several between transferor and transferee and is automatic irrespective of consideration or mode; it covers tax, interest and penalty unpaid or determined after transfer, and requires amendment of registration and payment from the date of transfer. On merger or amalgamation, the surviving entity bears tax, interest and penalty liability from the order date, while supplies between constituent companies during any effective earlier appointed date and the order date are included in each company's turnover and are taxable, with constituent companies remaining distinct until the order and registrations cancelled from the order date as necessary. en-us Thu, 20 Oct 2016 15:46:09 +0530 Thu, 20 Oct 2016 15:46:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7039 Liability for GST on transfer of business is joint and several between transferor and transferee and is automatic irrespective of consideration or mode; it covers tax, interest and penalty unpaid or determined after transfer, and requires amendment of registration and payment from the date of transfer. On merger or amalgamation, the surviving entity bears tax, interest and penalty liability from the order date, while supplies between constituent companies during any effective earlier appointed date and the order date are included in each company's turnover and are taxable, with constituent companies remaining distinct until the order and registrations cancelled from the order date as necessary. Articles Goods and Services Tax - GST Thu, 20 Oct 2016 15:46:09 +0530 https://www.taxtmi.com/article/detailed?id=7039