https://www.taxtmi.com/acts?id=24061 Liability is imposed on both the transferor and transferee when a taxable person transfers a business in whole or in part. They are jointly and severally liable, to the extent of the transfer, for tax, interest, or penalty due up to the time of transfer, whether determined before the transfer and unpaid or determined afterwards. If the transferee continues the business, the transferee is liable for tax on supplies made from the date of transfer and must apply for amendment of registration within the prescribed time. en-us Mon, 27 Mar 2017 17:30:00 +0530 Thu, 25 Jun 2026 18:24:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=24061 Liability is imposed on both the transferor and transferee when a taxable person transfers a business in whole or in part. They are jointly and severally liable, to the extent of the transfer, for tax, interest, or penalty due up to the time of transfer, whether determined before the transfer and unpaid or determined afterwards. If the transferee continues the business, the transferee is liable for tax on supplies made from the date of transfer and must apply for amendment of registration within the prescribed time. Act-Rules GST Mon, 27 Mar 2017 17:30:00 +0530 https://www.taxtmi.com/acts?id=24061