Provisions under Section 87 of the Central Goods and Services Tax (CGST) Act, 2017 relating to “Liability in Case of Amalgamation or Merger of Companies”, are as under:
Section 87 of CGST Act 2017: Liability in Case of Amalgamation or Merger of Companies (CHAPTER XVI – LIABILITY TO PAY IN CERTAIN CASES)
(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 period commencing on the date from which the order takes effect till the date of the order, then such transactions of supply and receipt shall be included in the turnover of supply or receipt of the respective companies and they shall be liable to pay tax accordingly.
(2) 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.
1. CBEC notifies 01/07/2017 as the Commencement date for Section 87 of the CGST Act 2017, vide Central Tax Notification 9/2017 dt. 28/06/2017.
Note: The CGST Act 2017 has been notified vide GOI Notification dt. 12/04/2017, which has subsequently been amended through CGST (Extension to J&K) Act 2017, Finance Act 2018, CGST Amendment Act 2018, Finance Act 2019, Finance Act 2020, Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance 2020, Finance Act 2021, Finance Act 2022 including various Notifications issued by the Govt./ CBIC from time to time, relating to the commencement dates of various Sections/ Provisions in the respective CGST/ Amendment Acts, wherever required. Information on this page is a Section-wise compilation of Amendments made by all such Notifications, with best possible efforts for accuracy. In any case, E&OE. For official/ updated information, please visit CBIC website.
|CBIC Updates (GST)|
|GST Circulars, Notifications, Press Releases, Orders, etc. issued by the Central Board of Indirect Taxes & Customs (CBIC) in different years, along with Section-wise/ Rule-wise Text of GST Acts/ Rules:|
|CGST: CGST Act/ Definitions, CGST Rules, GST Forms|
|IGST: IGST Act/ Definitions, IGST Rules|
|UTGST: UTGST Act/ Definitions, UTGST Rules|
|CBIC Circulars (CGST/ IGST/ UTGST): 2021, 2020, 2019, 2018, 2017|
|CBIC GST Instructions: 2022, 2021, 2020, 2019, 2018, 2017|
|CBIC CGST Notifications: 2022, 2021, 2020, 2019, 2018, 2017|
|CBIC CGST Rate Notifications: 2021, 2020, 2019, 2018, 2017|
|CBIC IGST Notifications: 2022, 2021, 2020, 2019, 2018, 2017|
|CBIC IGST Rate Notifications: 2020, 2019, 2018, 2017|
|CBIC UT Tax/ UTGST Notifications: 2022, 2021, 2020, 2019, 2018, 2017|
|CBIC UT Tax/ UTGST Rate Notifications: 2020, 2019, 2018, 2017|
|CBIC Compensation Cess Notifications: 2022, 2021, 2020, 2019, 2018, 2017|
|CBIC Compensation Cess Rate Notifications: 2022, 2021, 2020, 2019, 2018, 2017|
|CBIC Orders (CGST/ IGST/ UTGST): 2020, 2019, 2018, 2017|
|CBIC Press Releases: 2020, 2019, 2018, 2017|
|Note: For Official/ updated copy, please visit the CBIC website.|