https://www.taxtmi.com/acts?id=24071 Liability for tax, interest and penalty continues where a taxable person is a firm, association of persons or Hindu Undivided Family and business is discontinued. The amounts payable up to discontinuance may be determined as though the business had not ceased, and every partner or member at the time of discontinuance remains jointly and severally liable. The same principle applies on reconstitution, dissolution or partition, and a Limited Liability Partnership is treated as a firm. en-us Mon, 27 Mar 2017 17:31:51 +0530 Thu, 25 Jun 2026 18:28:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=24071 Liability for tax, interest and penalty continues where a taxable person is a firm, association of persons or Hindu Undivided Family and business is discontinued. The amounts payable up to discontinuance may be determined as though the business had not ceased, and every partner or member at the time of discontinuance remains jointly and severally liable. The same principle applies on reconstitution, dissolution or partition, and a Limited Liability Partnership is treated as a firm. Act-Rules GST Mon, 27 Mar 2017 17:31:51 +0530 https://www.taxtmi.com/acts?id=24071