https://www.taxtmi.com/forum/issue?id=119416 Acquirer bought a company as a going concern under an insolvency sale with an order shielding the new management from pre sale government dues; a subsequent GST survey queried alleged pre acquisition fake ITC that was not claimed against the RP. Respondents state that once the resolution plan is approved and proceeds distributed per the insolvency code, authorities cannot claim those pre sale liabilities from the RP or the new management, and such unpreserved claims are extinguished under the insolvency framework. en-us Fri, 22 Nov 2024 19:13:09 +0530 Fri, 24 Jan 2025 10:40:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119416 Acquirer bought a company as a going concern under an insolvency sale with an order shielding the new management from pre sale government dues; a subsequent GST survey queried alleged pre acquisition fake ITC that was not claimed against the RP. Respondents state that once the resolution plan is approved and proceeds distributed per the insolvency code, authorities cannot claim those pre sale liabilities from the RP or the new management, and such unpreserved claims are extinguished under the insolvency framework. Discussion-Forum GST Fri, 22 Nov 2024 19:13:09 +0530 https://www.taxtmi.com/forum/issue?id=119416