Amendment status not verified — confirm the current text below against the official source.
When the business or stock of a registered dealer passes onto any person or persons, whether by sale inheritance, gift, possession or otherwise, the liability so Pay any tax payable in respect of any purchase of taxable goods and remaining unpaid as the time of such passing on shall be jointly and severally on the dealer and such person or persons shall, within 30 days of such passing on apply for registration under Section 5. Assessment of dealers likely to transfer assets to a void tax: