https://www.taxtmi.com/article/detailed?id=9747 Transfers qualifying as a going concern are not treated as taxable supplies under GST where transfer of business continuity, assets, liabilities and operations is demonstrated. Insolvency Professionals' services and other professionals engaged during CIRP are taxable under GST, and the RP must comply with GST obligations during CIRP. CBIC notification and circular treat the IRP/RP as a distinct person for registration, allow new registrations, permit ITC on invoices bearing the erstwhile GSTIN for supplies between appointment and registration, and confirm that pre CIRP dues constitute operational debt under IBC. en-us Wed, 14 Apr 2021 08:44:14 +0530 Wed, 14 Apr 2021 08:44:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9747 Transfers qualifying as a going concern are not treated as taxable supplies under GST where transfer of business continuity, assets, liabilities and operations is demonstrated. Insolvency Professionals' services and other professionals engaged during CIRP are taxable under GST, and the RP must comply with GST obligations during CIRP. CBIC notification and circular treat the IRP/RP as a distinct person for registration, allow new registrations, permit ITC on invoices bearing the erstwhile GSTIN for supplies between appointment and registration, and confirm that pre CIRP dues constitute operational debt under IBC. Articles Goods and Services Tax - GST Wed, 14 Apr 2021 08:44:14 +0530 https://www.taxtmi.com/article/detailed?id=9747