https://www.taxtmi.com/article/detailed?id=16564 GST law treats business restructuring as a tax event where liability may follow the business, not merely the legal form of the transaction. In a transfer of business, Section 85 preserves recovery of GST dues connected with the transferred undertaking and applies broadly to transfers by sale, gift, lease, licence, hire or any other mode. The transferor and transferee may be jointly and severally liable for tax, interest or penalty due up to the date of transfer, while the transferee is liable for post-transfer supplies and must update registration particulars. In retrospective amalgamations, Section 87 treats the companies as distinct for GST purposes up to the order date, keeps inter-company supplies taxable during the intervening period, and limits the statutory fiction so it cannot support proceedings against a non-existent company. en-us Wed, 03 Jun 2026 08:51:23 +0530 Wed, 03 Jun 2026 08:51:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16564 GST law treats business restructuring as a tax event where liability may follow the business, not merely the legal form of the transaction. In a transfer of business, Section 85 preserves recovery of GST dues connected with the transferred undertaking and applies broadly to transfers by sale, gift, lease, licence, hire or any other mode. The transferor and transferee may be jointly and severally liable for tax, interest or penalty due up to the date of transfer, while the transferee is liable for post-transfer supplies and must update registration particulars. In retrospective amalgamations, Section 87 treats the companies as distinct for GST purposes up to the order date, keeps inter-company supplies taxable during the intervening period, and limits the statutory fiction so it cannot support proceedings against a non-existent company. Articles Goods and Services Tax - GST Wed, 03 Jun 2026 08:51:23 +0530 https://www.taxtmi.com/article/detailed?id=16564