Section 85
Liability in case of transfer of business
In force
Section 85. Liability in case of transfer of business.
Where a taxable person transfers his business in whole or in part, the transferor and the transferee shall, jointly and severally, be liable to pay the tax, interest or any penalty due from the taxable person up to the time of such transfer.
Sources & verification
- • Statutory text: View source
- • CBIC reference: cbic-gst.gov.in/sec-85.html
- Source confidence: Pending verification
Quick facts
- Section
- 85
- Chapter
- XVI
- Amendments
- 0
- Notifications
- 0
- Circulars
- 0
- Case laws
- 0
- Linked rules
- 0