https://www.taxtmi.com/caselaws?id=396472 The National Company Law Tribunal declared the applicant a corporate debtor under the Insolvency and Bankruptcy Code, appointing a liquidator. The applicant sought clarification on the GST implications of the sale of its assets by the liquidator. The Tribunal deemed the questions admissible under the GST Act, requiring the liquidator's registration and specifying the tax implications of asset sales under different HSN categories and specific schedules. The judgment clarifies the legal obligations and procedures governing insolvency proceedings and GST compliance in such scenarios. en-us Mon, 29 Jun 2020 00:00:00 +0530 Wed, 19 Mar 2025 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396472 The National Company Law Tribunal declared the applicant a corporate debtor under the Insolvency and Bankruptcy Code, appointing a liquidator. The applicant sought clarification on the GST implications of the sale of its assets by the liquidator. The Tribunal deemed the questions admissible under the GST Act, requiring the liquidator's registration and specifying the tax implications of asset sales under different HSN categories and specific schedules. The judgment clarifies the legal obligations and procedures governing insolvency proceedings and GST compliance in such scenarios. Case-Laws GST Mon, 29 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396472