New registration requirement for corporate debtor under insolvency professional; separate state GST registrations must be obtained after appointment. The amendment excludes corporate debtors who filed all statements under section 37 and returns under section 39 for tax periods prior to the appointment of the IRP/RP from the notified class. It provides that, from the date of appointment of the IRP/RP, the notified class of persons is to be treated as a distinct person of the corporate debtor and is required to obtain a new registration in each State or Union territory where the corporate debtor was previously registered within the prescribed period or by the later cut-off date.
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New registration requirement for corporate debtor under insolvency professional; separate state GST registrations must be obtained after appointment.
The amendment excludes corporate debtors who filed all statements under section 37 and returns under section 39 for tax periods prior to the appointment of the IRP/RP from the notified class. It provides that, from the date of appointment of the IRP/RP, the notified class of persons is to be treated as a distinct person of the corporate debtor and is required to obtain a new registration in each State or Union territory where the corporate debtor was previously registered within the prescribed period or by the later cut-off date.
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