Section 88 of CGST Act,2017 Liability in case of company in liquidation

Section 88 of CGST Act,2017 Liability in case of company in liquidation Section 88 of CGST Act,2017 from bare act : (1) When any company is being wound up whether under the orders of a court orTribunal or otherwise, every person appointed as receiver of any assets of a company(hereafter in this section referred to as the liquidator), shall, within thirty days after hisappointment, give intimation of his appointment to the Commissioner. (2) The Commissioner shall, after making such inquiry or calling for such informationas he may deem fit, notify the liquidator within three months from the date on which hereceives intimation of the appointment of the liquidator, the amount which in the opinion ofthe Commissioner would be sufficient to provide for any tax, interest or penalty which isthen, or is likely thereafter to become, payable by the company. (3) When any private company is wound up and any tax, interest or penalty determinedunder this Act on the company for any period, whether before or in the course of or after itsliquidation, cannot be recovered, then every person who was a director of such company atany time during the period for which the tax was due shall, jointly and severally, be liable forthe payment of such tax, interest or penalty, unless he proves to the satisfaction of theCommissioner that such non-recovery cannot be attributed to any gross neglect, misfeasanceor breach of duty on his part in relation to the affairs of the company.

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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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