Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Delhi Mandates New GST Registration for Corporate Debtors Undergoing Insolvency; Comply Within 30 Days of Professional Appointment.</h1> The notification issued by the Government of the National Capital Territory of Delhi mandates that corporate debtors undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, must register as distinct entities from the date of appointment of their interim or resolution professionals. These entities must obtain new GST registrations within 30 days in each state or union territory where they were previously registered. They are required to file their first return under section 40 of the Delhi Goods and Services Tax Act, 2017, and are eligible for input tax credit on relevant invoices. The notification is effective from March 21, 2020.