Section 87
Liability in case of amalgamation or merger of companies
In force
Section 87. Liability in case of amalgamation or merger of companies.
(1) When two or more companies are amalgamated or merged and the order takes effect from a date earlier to the date of the order, such transactions of supply and receipt shall be included in the turnover of the respective companies and they shall be liable to pay tax accordingly.
Sources & verification
- • Statutory text: View source
- • CBIC reference: cbic-gst.gov.in/sec-87.html
- Source confidence: Pending verification
Quick facts
- Section
- 87
- Chapter
- XVI
- Amendments
- 0
- Notifications
- 0
- Circulars
- 0
- Case laws
- 0
- Linked rules
- 0