Section 89 of CGST Act, 2017 : Section 89: Liability Of Directors Of Private Company
CGST Act, 2017
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Explanation using Example
Imagine a private company, XYZ Pvt. Ltd., which is in the business of manufacturing electronic goods. The company fails to pay Goods and Services Tax (GST) for the financial year 2021-2022. The tax authorities determine that there is a significant amount of tax, along with interest and penalty, due from XYZ Pvt. Ltd. Despite several notices, the company is unable to pay the outstanding GST dues.
In this situation, according to Section 89(1) of the CGST Act, 2017, all the directors of XYZ Pvt. Ltd. who wer...
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