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of <h1>Karnataka Tax Circular: GST Dues Clarification for Corporate Debtors under IBC; No Coercive Action Pre-CIRP.</h1> The circular from the Karnataka Department of Commercial Taxes clarifies the treatment of statutory dues under GST law for taxpayers whose proceedings have been finalized under the Insolvency and Bankruptcy Code, 2016 (IBC). It states that no coercive action can be taken against corporate debtors for dues before the Corporate Insolvency Resolution Process. Such dues are treated as operational debt, and claims should be filed with the NCLT. The circular also explains that under Section 84 of the KGST Act, if government dues are reduced due to appeals or other proceedings, the Commissioner must inform the concerned parties, and recovery proceedings can continue for the reduced amount. FORM GST DRC-25 is used for issuing intimation of reduced demands.
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