Section 89 UP GST Act 2017 : Liability of directors of private company

By | July 7, 2017
(Last Updated On: July 7, 2017)

Section 89 UP GST Act 2017

[ Section 89 UP GST Act 2017 (Uttar Pradesh GST Act 2017) explains Liability of directors of private company and is covered in Chapter XVI  : Liability To Pay in Certain Cases   

Liability of directors of private company

89. (1) Notwithstanding anything contained in the Companies Act, 2013 (Act no. 18 of 2013), where any tax, interest or penalty due from a private company in respect of any supply of goods or services or both for any period cannot be recovered, then, every person who was a director of the private company during such period shall, jointly and severally, be liable for the payment of such tax, interest or penalty unless he proves that the non-recovery cannot be attributed to any gross neglect, misfeasance or breach of duty on his part in relation to the affairs of the company.

(2) Where a private company is converted into a public company and the tax, interest or penalty in respect of any supply of goods or services or both for any period during which such company was a private company cannot be recovered before such conversion, then, nothing contained in sub-section (1) shall apply to any person who was a director of such private company in relation to any tax, interest or penalty in respect of such supply of goods or services or both of such private company:

Provided that nothing contained in this sub-section shall apply to any personal penalty imposed on such director.

 

 


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