Section 87 LIABILITY TO PAY IN CASE OF AN AMALGAMATION/MERGER

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..... 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 su .....

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..... form MNO Ltd. The date of the order of the tribunal is 1st Dec, 2017. However the merger has been ordered to be effected from 1st Oct, 2017. Answer 1) Any supplies between ABC ltd. and BDF Ltd. Between the period from 1st Oct, 2017 to 30th Nov., 2017 will be taxable in the hands of the respective companies. (Section 87(1)) Simply putting the two companies till the date of order, even t .....

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