Clarification regarding the treatment of statutory dues under GST law in respect of the taxpayers for whom the proceedings have been finalised under Insolvency and Bankruptcy Code, 2016

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....7088 (File No. REV03-12039/31/42/2022- Dy.-Comm.), dated 06-01-2023. Subject : Clarification regarding the treatment of statutory dues under GST law in respect of the taxpayers for whom the proceedings have been finalised under Insolvency and Bankruptcy Code, 2016 - Reg. Ref : Circular No. 187/19/2022-GST, dated December 27, 2022 issued by the Government of India, Ministry of Finance, Depart....

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....emand for recovery against such corporate debtor under Andhra Pradesh Goods and Services Tax Act, 2017 (hereinafter referred to as "APGST Act") as well under the existing laws and the treatment of such statutory dues under APGST Act and existing laws, after finalization of the proceedings under IBC. 3. In order to ensure uniformity in the implementation of the provisions of the law across the f....

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....ommissioner to serve upon the taxable person a fresh notice of demand ; (ii) the Chief Commissioner shall give intimation of such reduction to him and to the appropriate authority with whom recovery proceedings is pending ; (iii) any recovery proceedings initiated on the basis of the demand served upon him prior to the disposal of such appeal, revision or other proceedings may be....

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....al authorities constituted to deal with civil disputes pertaining to insolvency and bankruptcy. For instance, under IBC, NCLT serves as an adjudicating authority for insolvency proceedings which are initiated on application from any stakeholder of the entity like the firm, creditors, debtors, employees, etc., and passes an order approving the resolution plan. As the proceedings conducted under IBC....