CMA Intermediate · Direct and Indirect Taxation · Charge of Tax including Reverse Charge
Which statement about the property on which tax dues are a first charge under Section 82 of the CGST Act, 2017 is correct?
The first charge attaches to the property of the taxable person or of any other person who is liable to pay the tax, interest or penalty. The section does not restrict it to immovable property or to property acquired after registration.
- AOnly property of the registered taxable person, not of any other person liable
- BOnly immovable property of the taxable person
- CThe property of the taxable person or of such other person who is liable to pay the amountCorrect
- DOnly property acquired after the registration date
Explanation
The section refers to an amount payable by a taxable person or any other person, and makes it a first charge on the property of such taxable person or such person. It is not limited to immovable property or to a time of acquisition.
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