liability of sales tax in partnership of petrol pump
Hetal N. Bhayani
(Querist) 16 July 2015
This query is : Resolved
I have petrol pump in bhavnagar ,the sales tax department has seized my personal as well as current account.we r staying in mumbai .the people who are running the business is on our other partners instructions and we have a dispute with him so to trouble us he has fiction the situation by the people who are really looking in this matter as well we now came to kno that he has sold it and we have not received any profit or any amt of sold consideration .
Still on paper we are partner but the department has seized only my account.
So my question is why the other two partners are not liable equally to pay their part of tax. And if so then wht is the meaning of partnership??
Suhail A.Siddiqui
(Expert) 17 July 2015
In a Partnership firm partners are having joint and several liability, therefore, department lawfully seized your account
