Section 87 LIABILITY TO PAY IN CASE OF AN AMALGAMATION/MERGER - GST Ready Reckoner - GST

..... LIABILITY TO PAY IN CASE OF AN AMALGAMATION/MERGER Any supply between date earlier to the date of the order will be taxable in respect of respective companies As per section 87 (1): When two or more companies are amalgamated or merged in pursuance of an order of court or of Tribunal or otherwise and the order is to take effect from a date earlier to the date of the order and any two or more of such companies have supplied or received any goods or services or both to or from each other during the .....

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Section 87 LIABILITY TO PAY IN CASE OF AN AMALGAMATION/MERGER - GST Ready Reckoner - GST

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..... ny supplies between ABC ltd. and BDF Ltd. Between the period from 1st Oct, 2017 to 30th Nov., 2017 will be taxable in the hands of the respective companies.(Section 87(1)) Simply putting the two companies till the date of order, even though the merger was to take effect at an earlier date. It would be as if the merger has not taken place till the date of the order. (Section 87(2)) ie to be treated as distinct companies. Cancellation of registration Registration of ABC Ltd. and BDF Ltd. as distin .....

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Section 87 LIABILITY TO PAY IN CASE OF AN AMALGAMATION/MERGER - GST Ready Reckoner - GST

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