Section 91 LIABILITY OF GUARDIANS, TRUSTEES ETC. - GST Ready Reckoner - GST

..... case business not carried upon by guardian (Minor to Be Treated as Major for the purpose of tax thus Guardian can't escape liability) Tax, interest or penalty shall be levied and recoverable in like manner and to the same extent as it would be determined and recoverable from any such minor or other incapacitated person, as if he were a major or capacitated person and as if he were conducting the business himself and all the provisions of this Act or the rules made thereunder shall apply acc .....

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Section 91 LIABILITY OF GUARDIANS, TRUSTEES ETC. - GST Ready Reckoner - GST

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..... icularly penal liability. (e) Interestingly the expression incapacitated person is not defined in the Act. It should refer only to a person who is a person of unsound mind or one who is terminally ill. Few Questions on above concept Q1)Who is liable for tax dues etc., in case of a business of minor or incapacitated person? Ans 1)The Guardian, or the Trustee; or the Agent as the case may be who is conducting the business on behalf and for the benefit of minor or incapacitated person. Q2)Whether t .....

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Section 91 LIABILITY OF GUARDIANS, TRUSTEES ETC. - GST Ready Reckoner - GST

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