Section 89 – Liability of directors of private company of CGST ACT, 2017<\/p>\n
89. (1) Notwithstanding anything contained in the Companies Act, 2013, where any
\ntax, interest or penalty due from a private company in respect of any supply of goods or
\nservices or both for any period cannot be recovered, then, every person who was a director
\nof the private company during such period shall, jointly and severally, be liable for the<\/p>\n
payment of such tax, interest or penalty unless he proves that the non-recovery cannot be
\nattributed to any gross neglect, misfeasance or breach of duty on his part in relation to the
\naffairs of the company.
\n(2) Where a private company is converted into a public company and the tax, interest
\nor penalty in respect of any supply of goods or services or both for any period during which
\nsuch company was a private company cannot be recovered before such conversion, then,
\nnothing contained in sub-section (1) shall apply to any person who was a director of such
\nprivate company in relation to any tax, interest or penalty in respect of such supply of goods
\nor services or both of such private company:
\nProvided that nothing contained in this sub-section shall apply to any personal penalty
\nimposed on such director.<\/p>\n","protected":false},"excerpt":{"rendered":"
Section 89 – Liability of directors of private company of CGST ACT, 2017 89. (1) Notwithstanding anything contained in the Companies Act, 2013, where any tax, interest or penalty due from a private company in respect of any supply of goods or services or both for any period cannot be recovered, then, every person who … Continue reading “Section 89 – Liability of directors of private company 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\/305"}],"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=305"}],"version-history":[{"count":1,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/305\/revisions"}],"predecessor-version":[{"id":306,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/305\/revisions\/306"}],"wp:attachment":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/media?parent=305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/categories?post=305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/tags?post=305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}