State Act

Jharkhand Entry Tax on Consumption or Use of Goods Act, 2011

This Act was repealed on 1 July 2017 by the Jharkhand Goods and Services Tax Act, 2017, s.174; it may still apply to matters that began before then.

18. Liability to pay tax in case of transfer of business : -(1) When the ownership of the business of the assessee liable to pay tax under this Act, is entirely transferred, both the transferor and the transferee shall be jointly and severally liable to pay any tax and penalty, if any, payable in respect of such business and remaining unpaid at the time of the transfer, the transferee shall also be liable to pay tax on sale or consumption by the transferee on and from the date of such transfer, and shall apply forthwith for grant of registration certificate unless such certificate is already possessed by him. (2) Subject to the exemption given under section 7, where an assessee or any person other than an assessee, liable to pay tax under this Act, transfers the ownership or a part of his business, the transferor shall be liable to pay tax in respect of that part of transferred business.