https://www.taxtmi.com/circulars?id=66270 When insolvency proceedings under the IBC finally reduce statutory GST dues previously covered by a recovery summary, the jurisdictional Commissioner must issue intimation of that reduction in FORM GST DRC-25 to the taxable person and to the authority pursuing recovery; recovery proceedings may thereafter continue only in respect of the reduced amount and IBC adjudications are to be treated as part of the "other proceedings" under the SGST Act. en-us Tue, 27 Dec 2022 00:00:00 +0530 Fri, 07 Apr 2023 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66270 When insolvency proceedings under the IBC finally reduce statutory GST dues previously covered by a recovery summary, the jurisdictional Commissioner must issue intimation of that reduction in FORM GST DRC-25 to the taxable person and to the authority pursuing recovery; recovery proceedings may thereafter continue only in respect of the reduced amount and IBC adjudications are to be treated as part of the "other proceedings" under the SGST Act. Circulars GST - States Tue, 27 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66270