Provisions under Rule 153 of CGST Rules, 2017 relating to “Attachment of Interest in Partnership”:
CGST Rule 153: Attachment of Interest in Partnership (Chapter XVIII: DEMANDS AND RECOVERY) [*1]
(1) Where the property to be attached consists of an interest of the defaulter, being a partner, in the partnership property, the proper officer may make an order charging the share of such partner in the partnership property and profits with payment of the amount due under the certificate, and may, by the same or subsequent order, appoint a receiver of the share of such partner in the profits, whether already declared or accruing, and of any other money which may become due to him in respect of the partnership, and direct accounts and enquiries and make an order for the sale of such interest or such other order as the circumstances of the case may require.
(2) The other partners shall be at liberty at any time to redeem the interest charged or, in the case of a sale being directed, to purchase the same.
Notes (History of Amendments in Bare Text):
1. CGST Rule 153 introduced vide Notification 15/2017, effective 01/07/2017.
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