Condonation of delay in filing GSTR-3B returns and entitlement to Section 62 benefit results in withdrawal of assessments and revocation of attachment...
Fresh GST demands for periods prior to approval of an IBC resolution plan were held impermissible because, upon approval under Section 31, all dues not forming part of the resolution plan-including statutory dues-stand extinguished and no proceedings for such past dues can continue. Since the tax department had participated in the insolvency process and lodged its claims, it could not reopen or augment demands after conclusion of the process, and the successful resolution applicant/new management could not be burdened with additional pre-resolution liabilities. The impugned orders-in-original and consequential demands were quashed and the petitions were disposed of. - HC
Fresh GST demands for periods prior to approval of an IBC resolution plan were held impermissible because, upon approval under Section 31, all dues not forming part of the resolution plan-including statutory dues-stand extinguished and no proceedings for such past dues can continue. Since the tax department had participated in the insolvency process and lodged its claims, it could not reopen or augment demands after conclusion of the process, and the successful resolution applicant/new management could not be burdened with additional pre-resolution liabilities. The impugned orders-in-original and consequential demands were quashed and the petitions were disposed of. - HC
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