https://www.taxtmi.com/acts?id=28081 Directors of a private company are jointly and severally liable for tax, interest or penalty that cannot be recovered for supplies during their tenure unless the director proves the nonrecovery is not due to gross neglect, mis-feasance or breach of duty; if the company converts to a public company and amounts were unrecoverable before conversion, the joint and several liability does not apply to former private-company directors, though personal penalties on directors remain unaffected. en-us Tue, 27 Jun 2017 14:47:12 +0530 Thu, 06 Jul 2017 15:34:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=28081 Directors of a private company are jointly and severally liable for tax, interest or penalty that cannot be recovered for supplies during their tenure unless the director proves the nonrecovery is not due to gross neglect, mis-feasance or breach of duty; if the company converts to a public company and amounts were unrecoverable before conversion, the joint and several liability does not apply to former private-company directors, though personal penalties on directors remain unaffected. Act-Rules GST - States Tue, 27 Jun 2017 14:47:12 +0530 https://www.taxtmi.com/acts?id=28081