
I am a director of a private limited company which recently went under. Through no fault of any dir…
I am a director of a private limited company which recently went under. Through no fault of any directors, the company lost all of its customers and as a result, liquidated.
The company had a huge liability in respect of GST which was only partially cleared by the liquidator, there is still some liability remaining in this regard.
My query is: Am I, as a director, liable to pay the tax my company bore, solely for the reason it went under? Am I liable to clear the liability of the company?