GST compliance of companies under IBC: Gaps in the new mechanism

Recently, the ministry of finance notified the process to be followed by an interim resolution professional (IRP) or resolution professional (RP) for ensuring GST compliances of corporate debtors (CD) undergoing corporate insolvency resolution process (CIRP). This has been further explained through a circular dated March 23. This is probably in response to the plethora of representations filed in…