TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Clarifications on GST for Companies in Insolvency: Pre-CIRP Dues as Operational Debt, Registration Suspension, New Procedures for ITC.</h1> The circular provides clarifications on GST-related issues for companies under the Insolvency and Bankruptcy Code, 2016. It outlines that GST dues prior to the commencement of the Corporate Insolvency Resolution Process (CIRP) are treated as operational debt, and no coercive action can be taken against the debtor for these dues. GST registration should not be canceled but may be suspended. The Interim Resolution Professional (IRP) or Resolution Professional (RP) is not liable for pre-CIRP returns but must ensure compliance post-appointment. New GST registration is required during CIRP, and specific procedures for availing Input Tax Credit (ITC) and claiming refunds are detailed.
TaxTMI 
TaxTMI 
