https://www.taxtmi.com/acts?id=25229 Directors of a private company are jointly and severally liable for tax, interest or penalty on supplies if those amounts cannot be recovered from the company, unless the director proves the non-recovery is not due to gross neglect, misfeasance or breach of duty; upon conversion to a public company, that director liability does not apply to amounts not recovered before conversion, though personal penalties on directors remain unaffected. en-us Thu, 25 May 2017 11:29:27 +0530 Thu, 25 May 2017 11:29:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=25229 Directors of a private company are jointly and severally liable for tax, interest or penalty on supplies if those amounts cannot be recovered from the company, unless the director proves the non-recovery is not due to gross neglect, misfeasance or breach of duty; upon conversion to a public company, that director liability does not apply to amounts not recovered before conversion, though personal penalties on directors remain unaffected. Act-Rules GST - States Thu, 25 May 2017 11:29:27 +0530 https://www.taxtmi.com/acts?id=25229