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Amalgamation - GST Liability and implications - Goods and Services Tax - GSTExtract Sir, 'A' company has been amalgamated into 'B' company in the year 24 August 2020 and the order has been issued by NCLT. Since 'A' Company had some issues (COVID period) in the transfer of some company licenses, they continued to conduct business and file GST returns after amalgamation. As per the section 87(2) of CGST Act , 'Notwithstanding anything contained in the said order, for the purposes of this Act, the said two or more companies shall be treated as distinct companies for the period up to the date of the said order and the registration certificates of the said companies shall be cancelled with effect from the date of the said order.' As per the above section, it is understood that the GST registration of 'A' company is cancelled wef 24 August 2020. But the company 'A' is still conducting business and issuing invoices and fililing returns. 1. Whether the ITC claimed by the Company 'A' is to be disallowed ? 2. Whether the tax liability discharged by the Company 'A' is valid?
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