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of <h1>New Circular Clarifies GST Dues for Taxpayers Post-Insolvency; Section 84 and FORM GST DRC-25 Explained.</h1> The circular clarifies the treatment of statutory dues under GST law for taxpayers whose proceedings have been finalized under the Insolvency and Bankruptcy Code, 2016. It reiterates that no coercive action can be taken for dues prior to the Corporate Insolvency Resolution Process, treating them as operational debt. The circular explains that under Section 84 of the CGST Act, any reduction in government dues after appeal or proceedings must be communicated by the Commissioner, and recovery can proceed on the reduced amount. The circular also outlines the use of FORM GST DRC-25 for notifying such reductions.
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