Section 85 – Liability in case of transfer of business of CGST ACT, 2017<\/p>\n
85. (1) Where a taxable person, liable to pay tax under this Act, transfers his business
\nin whole or in part, by sale, gift, lease, leave and license, hire or in any other manner
\nwhatsoever, the taxable person and the person to whom the business is so transferred shall,
\njointly and severally, be liable wholly or to the extent of such transfer, to pay the tax, interest
\nor any penalty due from the taxable person upto the time of such transfer, whether such tax,
\ninterest or penalty has been determined before such transfer, but has remained unpaid or is
\ndetermined thereafter.
\n(2) Where the transferee of a business referred to in sub-section (1) carries on such
\nbusiness either in his own name or in some other name, he shall be liable to pay tax on the
\nsupply of goods or services or both effected by him with effect from the date of such transfer
\nand shall, if he is a registered person under this Act, apply within the prescribed time for
\namendment of his certificate of registration.<\/p>\n","protected":false},"excerpt":{"rendered":"
Section 85 – Liability in case of transfer of business of CGST ACT, 2017 85. (1) Where a taxable person, liable to pay tax under this Act, transfers his business in whole or in part, by sale, gift, lease, leave and license, hire or in any other manner whatsoever, the taxable person and the person … Continue reading “Section 85 – Liability in case of transfer of business of CGST ACT, 2017”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/297"}],"collection":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/comments?post=297"}],"version-history":[{"count":1,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/297\/revisions"}],"predecessor-version":[{"id":298,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/297\/revisions\/298"}],"wp:attachment":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/media?parent=297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/categories?post=297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/tags?post=297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}