CBIC issues clarification on compliance requirement during COVID-19 by Corporate Debtor, Merchant Exporter
CBIC clarifies doubts regarding relief measures taken by the Government for assisting taxpayers in view of COVID-19; Clarifies issues related to Insolvency and Bankruptcy Code, 2016 and compliance requirements thereof such as difficulty in obtaining registration by IRP/CIRP during lockdown period, waiving requirement for separate registration by Corporate Debtors where return in GSTR-1 and GSTR-3B for all the tax periods prior to the appointment of IRP/RP has been furnished, ...