Seeks to clarify issues in respect of issues under GST law for companies under Insolvency and Bankruptcy Code, 2016

Last updated: 24 March 2020

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Quick Summary

This notification provides clarifications on various issues faced by companies undergoing the Insolvency and Bankruptcy Code (IBC), 2016, concerning Goods and Services Tax (GST) law. It addresses queries raised by the trade and industry. Further details can be accessed by clicking the provided link.

Circular No.134/04/2020-GST

CBEC-20/16/12 /2020 -GST

Government of India

Ministry of Finance

Department of Revenue

Central Board of Indirect Taxes and Customs

GST Policy Wing

New Delhi, dated the 23rd March, 2020

To,

The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners /

Commissioners of Central Tax (All)

The Principal Director Generals / Director Generals (All)

Madam/Sir,

Subject: Clarification in respect of issues under GST law for companies under Insolvency and Bankruptcy Code, 2016 - Reg.

Various representations have been received from the trade and industry seeking clarification on issues being faced by entities covered under Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the “IBC”).

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FAQ :

The circular provides clarifications on issues arising under GST law for companies that are part of the Insolvency and Bankruptcy Code, 2016.

The circular was issued by the Central Board of Indirect Taxes and Customs (CBEC), Ministry of Finance, Government of India.

Various representations were received from the trade and industry highlighting issues faced by entities under the Insolvency and Bankruptcy Code, 2016.

IBC stands for the Insolvency and Bankruptcy Code, 2016.