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of <h1>Liquidator Notified via Form GST DRC-24 to Settle Tax Liabilities Under Section 88 Before Company Winding Up.</h1> A liquidator has been notified via Form GST DRC-24 regarding the recovery of amounts owed by a company under liquidation. The company is liable for various taxes, including central, state/UT, integrated tax, and cess, along with interest, penalties, fees, and other dues. The liquidator is instructed to allocate sufficient funds to settle these current and anticipated liabilities in accordance with section 88 of the relevant Act before the company's final winding up. This directive follows a notification amendment dated October 15, 2020, which updated the format of the tax liability details.
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