if commissioner doesnot initimate about the amount to set apart within 3 months to liquidator. Then what is the responsibility of liquidator in this. is there any punishment for commissioner.
plz help.
Menu
Sec 88 of cgst act,2017
Replies (1)
If the Commissioner fails to notify the liquidator within 3 months, the liquidator is free from personal liability regarding unnotified dues and can proceed with asset distribution under the priority rules of the IBC. There is no statutory punishment for the Commissioner for missing this deadline.
Recent Topics :
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
Related Topics :
CAclubindia
