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The liabilitie(in so far as registration is concerned) on transfer of a business

The liabilitie(in so far as registration is concerned) on transfer of a business :

 

What could be the liabilities (in so far as registration is concerned) on transfer of a business?

Ans. The transferee or the successor shall be liable to be registered with effect from such transfer or succession and he will have to obtain a fresh registration with effect from the date of such transfer or succession. (Section 22(3)).

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