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Recovery procedure under Gst
An assesee a senior citizen running proprietary concern.The gst department has sent show cause notice for recovery of 25 Lacs whereas he owns immovable property for Rs 15 lacs.what is the recovery procedure (1)during his life time (2) after his life time
Replies (1)
During the proprietor's lifetime, the GST department can recover dues through various methods, including the attachment and sale of their assets. After death, if the business is continued, the successor inherits the full tax liability. If the business is closed, the legal heir is only liable to pay the dues from the deceased's estate, up to the value of the assets inherited.
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