Special Procedures Notified Under GST Law for Corporate Debtors Undergoing Insolvency Resolution

The Goods and Services Tax (GST) Council during its 39 th  meeting, held on 14 March 2020, decided that a special procedure should be prescribed for corporate debtors undergoing the corporate insolvency resolution process (CIRP) under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC), in order to enable such entities to comply with the provisions of the GST laws. Once the CIRP…