Rule 11
Transfer Of Transaction
(1) If any registered person transfer the transaction having being carried on by him to any other person fully or
partly, he has to give information thereof, setting out all the details, to the concerned Tax Officer in the format referred to in Schedule-4 within Sven days of from the date of transferred of such transaction.
(2) If the transaction is transferred pursuant to Sub-rule (1), the rights, powers and liabilities of the transferor shall also been transferred subject to the terms of transferral.
(3) The concerned Tax Officer may give necessary direction to both the parties related with the transfer of transaction before him in respect of the liabilities to be fulfilled by them under the Act and these Rules. It shall be their duty to abide by the direction so given.
partly, he has to give information thereof, setting out all the details, to the concerned Tax Officer in the format referred to in Schedule-4 within Sven days of from the date of transferred of such transaction.
(2) If the transaction is transferred pursuant to Sub-rule (1), the rights, powers and liabilities of the transferor shall also been transferred subject to the terms of transferral.
(3) The concerned Tax Officer may give necessary direction to both the parties related with the transfer of transaction before him in respect of the liabilities to be fulfilled by them under the Act and these Rules. It shall be their duty to abide by the direction so given.