Section 85 of CGST Act,2017 Liability in case of transfer of business

Section 85 of CGST Act,2017 Liability in case of transfer of business Section 85 of CGST Act,2017 from bare act : (1) Where a taxable person, liable to pay tax under this Act, transfers his businessin whole or in part, by sale, gift, lease, leave and license, hire or in any other mannerwhatsoever, the taxable person and the person to whom the business is so transferred shall,jointly and severally, be liable wholly or to the extent of such transfer, to pay the tax, interestor any penalty due from the taxable person upto the time of such transfer, whether such tax,interest or penalty has been determined before such transfer, but has remained unpaid or isdetermined thereafter. (2) Where the transferee of a business referred to in sub-section (1) carries on suchbusiness either in his own name or in some other name, he shall be liable to pay tax on thesupply of goods or services or both effected by him with effect from the date of such transferand shall, if he is a registered person under this Act, apply within the prescribed time foramendment of his certificate of registration.

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CHAPTER XVI

LIABILITY TO PAY IN CERTAIN CASES

Chapter XVI of the CGST Act,2017 covers ten sections relating to LIABILITY TO PAY IN CERTAIN CASESunder GST. All thesesections from the CGST Act,2017 are available for your ready reference. Section 85 :Liability in case of transfer of business Section 86 :Liability ofagent andprincipal Section 87 :Liability incase ofamalgamationor merger ofcompanies Section 88 :Liability incase ofcompany inliquidation Section 89 :Liability ofdirectors of privatecompany Section 90 :Liability ofpartners offirm to paytax Section 91 :Liability ofguardians,trustees, etc Section 92 :Liability ofCourt ofWards, etc. Section 93 :Specialprovisionsregardingliability topay tax,interest orpenalty incertain cases Section 94 :Liability inother cases

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