Section 85 of Sikkim GST Act 2017 : Liability in case of transfer of business

By | June 2, 2018
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(Last Updated On: June 3, 2018)

Section 85 of Sikkim GST Act 2017

[ Section 85 of Sikkim GST Act 2017 explains Liability in case of transfer of business and is covered in  CHAPTER XVI  LIABILITY TO PAY IN CERTAIN CASES]

[ Enforced with effect from 1-7-2017. ]

Liability in case of transfer of business

85. (1) Where a taxable person, liable to pay tax under this Act, transfers his business in whole or in part, by sale, gift, lease, leave and license, hire or in any other manner whatsoever, 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, interest or 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 is determined thereafter.

Where the transferee of a business referred to in sub-section (1) carries on such business either in his own name or in some other name, he shall be liable to pay tax on the supply of goods or services or both effected by him with effect from the date of such transfer and shall, if he is a registered person under this Act, apply within the prescribed time for amendment of his certificate of registration.


Sikkim GST Act 2017

Sikkim GST Bill 2017

Sikkim GST Rules 2017

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