Corporate Debtor Under GST – A New Lifeline In Light Of GST Laws

Recently, Government notified 1  special procedure under GST Laws for those registered persons who are Corporate Debtors under Insolvency and Bankruptcy Code, 2016 ('IBC,2016') w.r.t. registration and availment of Input Tax Credit (ITC) under Central Goods and Service Tax Act, 2017 ('CGST Act'). This was followed by a Circular 2  clarifying various issues in application of the said notif…