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of <h1>Gujarat Circular Clarifies GST Dues Under IBC, Bars Coercive Action for Pre-CIRP Debts; Details Section 84 Procedures.</h1> The circular issued by the Chief Commissioner of State Tax, Gujarat, clarifies the treatment of statutory dues under GST law for taxpayers whose proceedings have been finalized under the Insolvency and Bankruptcy Code (IBC), 2016. It emphasizes that no coercive action can be taken against corporate debtors for dues prior to the commencement of the Corporate Insolvency Resolution Process (CIRP), treating such dues as 'operational debt.' The circular outlines procedures under Section 84 of the Gujarat Goods and Services Tax Act, 2017, for reducing government dues following IBC proceedings and mandates using Form GST DRC-25 for notifying reduced demands.
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