Amendment in Notification No. 64/2020/TAXES. Dated 14th May, 2020 - S. R. O. No. 472/2020 - Kerala SGST

GOVERNMENT OF KERALA Taxes (B) Department NOTIFICATION G.O.(P) No.95/2020/TAXES. Dated, Thiruvananthapuram, 22nd July, 2020 7th Karkadakam, 1195 S. R. O. No. 472/2020 In exercise of the powers conferred by section 148 of the Kerala State Goods and Services Tax Act, 2017 (20 of 2017), the Government of Kerala, on the recommendations of the Council, hereby make the following amendments in the notification issued under G.O.(P) No. 64/2020/TAXES. Dated 14th May, 2020 and published as S.R.O. No. 314/2020 in the Kerala Gazette Extraordinary No. 1176 dated 14th May, 2020, namely:- In the said notification,- (i) in the first paragraph, the following proviso shall be inserted, namely:- Provided that the said class of persons shall not include those corporate debtors who have furnished the statements under section 37 and the returns under section 39 of the said Act for all the tax periods prior to the appointment of IRP/RP. ; (ii) for the paragraph 2, with effect from the 21st March, 2020, the following paragraph shall be substituted, namely: - 2. Registration.- The said class of persons shall, with effect from the date of appointment of IRP / RP, be treated as a distinct person of the corporate debtor, and shall be liable to take a new registration (hereinafter referred to as the new registration) in the State where the corporate debtor was registered earlier, within thirty days of the appointment of the IRP/RP or by 30th June, 2020, whichever is later:. . 2. This notification shall be deemed to have come into force on the 5th day of May, 2020. By order of the Governor, RAJESH KUMAR SINGH, Additional Chief Secretary to Government Explanatory Note (This does not form part of the notification, but is intended to indicate its general purport.) Government of Kerala had brought in special procedure for corporate debtors undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 (Central Act 31 of 2016) as per the notification issued under G.O. (P) No. 64/2020/TAXES. dated 14th May, 2020 and published as S.R.O. No. 314/2020 in the Kerala Gazette Extraordinary No. 1176 dated 14th May, 2020. On the recommendation of the Goods and Services Tax Council, the Government of Kerala have decided to amend the special procedure for corporate debtors undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 (Central Act 31 of 2016). The notification is intended to achieve the above object.