Tax to be first charge on property

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Central Goods and Service Tax Act, 2017

Tax to be first charge on property (Sec. 82)


Notwithstanding anything to the contrary contained in any law for the time being in force, save as otherwise provided in the Insolvency and Bankruptcy Code, 2016, any amount payable by a taxable person or any other person on account of tax, interest or penalty which he is liable to pay to the Government shall be a first charge on the property of such taxable person or such person.

Notes

  • This section provides that liabilities under the Act shall be the first charge on the property of the taxable person, save as otherwise provided in the Insolvency and Bankruptcy Code, 2016.

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