Goods & Service Tax (GST) 9 November 2026
ICAI Issues New GST Liability Handbook for Transfers, Mergers, Death Cases
The Institute of Chartered Accountants of India (ICAI) has issued an updated GST handbook that broadens liability guidance to include business transfers, mergers, amalgamations and even the death of a taxable person. The new rules clarify who must remit GST when ownership or obligations shift, aiming to close compliance gaps and protect revenue collection across complex transactions.
ICAI's Updated GST Handbook
The Institute of Chartered Accountants of India (ICAI) has released a revised handbook that expands GST liability guidance beyond the typical supplier‑recipient relationship.
- Covers scenarios such as business transfers, mergers, amalgamations, and the death of a taxable person.
- Clarifies who must pay GST when assets or liabilities shift, helping firms avoid compliance gaps.
Need help understanding this update?
Connect with our domain experts instantly via WhatsApp for customized legal guidance.