Amalgamation of Companies
Section 21 of the Goa Value Added Tax Act, 2005 deals with amalgamation of Companies. When two or more companies are to be amalgamated by the order of a Court or of the Central Government and the order is to take effect from a date earlier to the date of the order and any two or more of such companies have sold or purchased any goods to or from each other in the period commencing on
(1) When two or more companies are to be amalgamated by the order of a Court or of the Central Government and the order is to take effect from a date earlier to the date of the order and any two or more of such companies have sold or purchased any goods to or from each other in the period commencing on the date from which the order is to take effect and ending on the date of the order, then such transactions of sale and purchase will be included in the turnover of sales or of purchases of the respective companies and will be assessed to tax accordingly.
(2) Notwithstanding anything contained in the said order, for all of the purposes of this Act, the said two or more companies will be treated as distinct companies and will be treated as such for all periods upto the date of the said order and the registration certificates of the said companies will be cancelled, where necessary, with effect from the date of the said order.
(3) Words and expressions used in this section, but not defined, shall have the respective meanings assigned to them in the Companies Act, 1956 (Central Act 1 of 1956).
Section 21, The Goa Value Added Tax Act, 2005 (Act 9 of 2005).
Questions about Section 21
What does Section 21 of the Goa Value Added Tax Act deal with?
Section 21 of the Goa Value Added Tax Act is headed "Amalgamation of Companies". When two or more companies are to be amalgamated by the order of a Court or of the Central Government and the order is to take effect from a date earlier to the date of the order and any two or more of such companies have sold or purchased any goods to or from each other in the period commencing on
How do I find court cases under Section 21 of the Goa Value Added Tax Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Goa Value Added Tax Act 21, section 21 Goa Value Added Tax Act, section 21 of the Goa Value Added Tax Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When was the Goa Value Added Tax Act enacted?
Goa Value Added Tax Act was enacted in 2005 as Act 9 of 2005. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- 90. Removal of difficulties7237 words
- 2. Definition2363 words
- 18. Registration1497 words
- 9. Input Tax Credit1314 words
- 7. 1150 words
- 10. Input Tax Credit Exceeding Tax Liability953 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Read from the Government's own scanned gazette with Azure Document Intelligence, then split into sections by their numbering. India Code publishes no text for this Act. The scan itself is mirrored into our own storage and served at /scan/815e79c6-9f4c-454d-afef-18e4b51d9bb5.pdf, so the reading here can be checked against the page it came from without depending on India Code's own copy staying where it is (it was at https://indiacode.gov.in/server/api/core/bitstreams/09a58e4a-d500-4ce0-9bf2-cb825d4481ef/content). This page is not a substitute for legal advice.