CBIC clarifies various issues faced by corporate debtors during resolution process under IBC

CBIC clarifies on issues being faced under GST by entities covered under Insolvency Bankruptcy Code, 2016 during Corporate Insolvency Resolution Process (CIRP) & pre-CIRP period; States that, a new registration shall be taken by the corporate debtor during the CIRP period in each State or Union territory where the corporate debtor was registered earlier, within 30 days of the IRP/RP appointment; Any amount deposited in cash ledger by IRP/RP, in the existing...