TAX TO BE FIRST CHARGE ON PROPERTY - Handbook of GST Law & Procedures (CBIC) [October 2024] - GST

9. TAX TO BE FIRST CHARGE ON PROPERTY (I) In terms of Section 82 of the CGST Act, 2017, any amount payable by a taxpayer/person on account of tax, interest or penalty to the Government shall be a first charge on the property of such taxpayer/ person. (II) In case of conflict in the provisions of Section 82 of the CGST Act, 2017 and the Insolvency and Bankruptcy Code, 2016 (IBC, 2016), the provision of Insolvency and Bankruptcy Code, 2016 shall prevail.