<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Liability in case of transfer of business.</title>
    <link>https://www.taxtmi.com/acts?id=28898</link>
    <description>When a taxable person transfers a business in whole or in part, the transferor and transferee are jointly and severally liable for tax, interest and penalty due up to the transfer date, whether determined before or after transfer. The transferee who carries on the business from the transfer date is liable for tax on supplies effected by him and must, if registered, apply within the prescribed time to amend his registration certificate.</description>
    <language>en-us</language>
    <pubDate>Sat, 01 Jul 2017 14:34:33 +0530</pubDate>
    <lastBuildDate>Sat, 01 Jul 2017 14:34:33 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=477998" rel="self" type="application/rss+xml"/>
    <item>
      <title>Liability in case of transfer of business.</title>
      <link>https://www.taxtmi.com/acts?id=28898</link>
      <description>When a taxable person transfers a business in whole or in part, the transferor and transferee are jointly and severally liable for tax, interest and penalty due up to the transfer date, whether determined before or after transfer. The transferee who carries on the business from the transfer date is liable for tax on supplies effected by him and must, if registered, apply within the prescribed time to amend his registration certificate.</description>
      <category>Act-Rules</category>
      <law>GST - States</law>
      <pubDate>Sat, 01 Jul 2017 14:34:33 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/acts?id=28898</guid>
    </item>
  </channel>
</rss>