Section 87 of CGST Act,2017 Liability in case of amalgamation or merger of companies

Section 87 of CGST Act,2017 Liability in case of amalgamation or merger of companies Section 87 of CGST Act,2017 from bare act : (1) When two or more companies are amalgamated or merged in pursuance of anorder of court or of Tribunal or otherwise and the order is to take effect from a date earlier tothe date of the order and any two or more of such companies have supplied or received anygoods or services or both to or from each other during the period commencing on the datefrom which the order takes effect till the date of the order, then such transactions of supplyand receipt shall be included in the turnover of supply or receipt of the respective companiesand they shall be liable to pay tax accordingly. (2) Notwithstanding anything contained in the said order, for the purposes of this Act,the said two or more companies shall be treated as distinct companies for the period up to thedate of the said order and the registration certificates of the said companies shall be cancelledwith effect from the date of the said order.

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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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