Transfer of transaction:
(1) In case any registered person transfers the transaction being carried out by them to any other person fully or partially, they shall provide the information thereof by setting out all the details in the format as set forth in Schedule 4 to the concerned Tax Officer within seven days of the date on which the transaction was so transferred.
(2) In case the transaction has been transferred pursuant to Sub-rule (1), the rights, powers and obligations of the transferor shall also be transferred subject to the terms of the transfer.
(3) The concerned Tax Officer may, issue necessary instructions to both the parties related to the transaction in regard to the obligations to be fulfilled by each of them under the Act and these Rules by requiring the presence of both the parties in front of the Tax Officer. It shall be their duty to follow the instructions so given.