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    <title>Liability in case of amalgamation or merger of companies.</title>
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    <description>Inter company supplies or receipts made between companies during the period from the merger order&#039;s retrospective effective date until the date of the order must be included in each company&#039;s turnover, and those companies remain liable to pay tax on such transactions; notwithstanding retrospective effect, the constituent companies are treated as distinct for the interim period and their registrations are cancelled with effect from the order date.</description>
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      <description>Inter company supplies or receipts made between companies during the period from the merger order&#039;s retrospective effective date until the date of the order must be included in each company&#039;s turnover, and those companies remain liable to pay tax on such transactions; notwithstanding retrospective effect, the constituent companies are treated as distinct for the interim period and their registrations are cancelled with effect from the order date.</description>
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