Amendment status not verified — confirm the current text below against the official source.
(1) When two or more companies are amalgamated or merged in pursuance of an order of court or the Tribunal or otherwise and the order is to take effect from a date earlier to the date Liability in U the order and any two or more of such companies case of amalgamation have supplied or received any goods or services or or merger of both to or from each other during the period companies commencing on the date from which the order takes effect till the date of the order, then such transactions of supply and receipt shall be included in the turnover of supply or receipt of the respective companies and they shall be liable to pay tax accordingly.