https://www.taxtmi.com/circulars?id=71259 GST recovery from entities undergoing insolvency proceedings requires timely filing of departmental claims as an operational creditor. Admission of insolvency proceedings triggers a moratorium that bars recovery action, including bank attachment, while assessments and interest may extend only up to the moratorium date. Claims must be supported by assessment and recovery records. An approved resolution plan binds the Department; if liquidation begins, claims must be filed afresh with the liquidator. Officers must track proceedings, file claims and appeals within time, and prevent revenue loss. en-us Tue, 16 Mar 2021 00:00:00 +0530 Fri, 11 Sep 2026 10:09:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71259 GST recovery from entities undergoing insolvency proceedings requires timely filing of departmental claims as an operational creditor. Admission of insolvency proceedings triggers a moratorium that bars recovery action, including bank attachment, while assessments and interest may extend only up to the moratorium date. Claims must be supported by assessment and recovery records. An approved resolution plan binds the Department; if liquidation begins, claims must be filed afresh with the liquidator. Officers must track proceedings, file claims and appeals within time, and prevent revenue loss. Circulars GST - States Tue, 16 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71259