Chapter XV (Sections 73-84) of the Central Goods and Services Tax (CGST) Act, 2017 deals with provisions related to Demands and Recovery. Section 82 of Central Goods and Services Tax Act, 2017 (12 of 2017) provides for Tax to be first charge on property under CGST Act 2017.
Recently, we have discussed in detail section 81 (i.e. Transfer of property to be void in certain cases) of CGST Act 2017. Today, we learn the provisions of section 82 of the CGST Act 2017. Complete Details of CGST Section 82 – Tax to be first charge on property. You may CLICK HERE to download list of all sections of CGST Act 2017 in PDF format.
Notes on Section 82 of CGST Act 2017
Section 82 of CGST Act 2017 shall come into force on 01.07.2017 vide Notification No. 9/2017 – Central Tax, G.S.R. 658(E), dated 28.06.2017. In this note, you will learn detail of the provisions of section 82 of CGST Act 2017 read with Central GST Rules 2017.
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.