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of <h1>Rule 151: Attachment of Debts and Movable Property Explained; FORM GST DRC-16 Restricts Creditor Actions and Payments.</h1> Rule 151 of the Central Goods and Services Tax Rules, 2017, provides for the attachment of debts, shares, and other movable property not in possession of the defaulter, except for property held by a court. A written order in FORM GST DRC-16 prohibits creditors from recovering debts, debtors from making payments, share transfers, dividend receipts, and the transfer of other movable property. The order is publicly posted and sent to relevant parties. Debtors can pay the debt to the proper officer, which is considered payment to the defaulter.
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