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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..... t : 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. Attention is invited to Circular No. 134/04/2020-GST, dated 23rd March, 2020, wherein it was clarified that no coercive action can be taken against the corporate debtor with respect to the dues of the .....

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..... inalization of the proceedings under IBC. 3. In order to ensure uniformity in the implementation of the provisions of the law across the field formations, the Commissioner, in exercise of its powers conferred under section 168 of the Manipur GST Act, hereby clarifies as follows. 4.1 Section 84 of the Manipur GST Act reads as follows : 84. Continuation and validation of certain recovery p .....

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..... rved upon him prior to the disposal of such appeal, revision or other proceedings may be continued in relation to the amount so reduced from the stage at which such proceedings stood immediately before such disposal. 4.2 As per section 84 of the Manipur GST Act, if the Government dues against any person under Manipur GST Act are reduced as a result of any appeal, revision or other proceedings .....

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..... employees, etc., and passes an order approving the resolution plan. As the proceedings conducted under IBC also adjudicate the Government dues pending under the Manipur GST Act or under existing laws against the corporate debtor, the same appear to be covered under the term other proceedings in section 84 of the Manipur GST Act. 5. Rule 161 of the Manipur Goods and Services Tax Rules, 2017 pr .....

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..... de notices may be issued to publicize the contents of this circular. 7. Difficulty, if any, in the implementation of the above instructions may please be brought to the notice of the Commissioner. Commissioner of Taxes. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxT .....

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