Goods & Service Tax (GST) 9 November 2026
ICAI Updates GST Liability Handbook for Transfers, Mergers, Death
The Institute of Chartered Accountants of India (ICAI) has issued a revised handbook that expands GST liability guidance beyond the usual supplier‑recipient relationship. It now details who must pay GST in complex situations such as business transfers, mergers, acquisitions and even in cases of death of a taxpayer, providing clearer compliance direction for accountants and businesses alike.
The ICAI has released an updated GST liability handbook that broadens the scope of who is responsible for GST in special cases. The full guide is available in the original article.
- Business transfers: GST becomes payable by the transferee unless a specific exemption applies.
- Mergers and acquisitions: The acquiring entity assumes GST obligations for the merged business.
- Death of a taxpayer: GST liability may pass to the legal heir or estate, subject to compliance requirements.
These additions aim to reduce ambiguity and help professionals navigate GST responsibilities in complex transactional scenarios.
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