Input tax credit continuity for corporate debtors under CIRP: new GST registration and return obligations commence on IRP/RP appointment. Upon appointment of an IRP/RP for a corporate debtor undergoing CIRP the IRP/RP is treated as a distinct person for GST, must obtain a new registration within thirty days, and file the first return covering the period from appointment until registration; the IRP/RP may claim input tax credit in that first return on supplies received since appointment though invoices bear the erstwhile registrant's GSTIN subject to Chapter V conditions (with specified exclusions), and amounts deposited in the cash ledger during this period remain available for refund to the erstwhile registration.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit continuity for corporate debtors under CIRP: new GST registration and return obligations commence on IRP/RP appointment.
Upon appointment of an IRP/RP for a corporate debtor undergoing CIRP the IRP/RP is treated as a distinct person for GST, must obtain a new registration within thirty days, and file the first return covering the period from appointment until registration; the IRP/RP may claim input tax credit in that first return on supplies received since appointment though invoices bear the erstwhile registrant's GSTIN subject to Chapter V conditions (with specified exclusions), and amounts deposited in the cash ledger during this period remain available for refund to the erstwhile registration.
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