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Separate GST registrations confuse interim resolution professionals


IRPs appointed under the Insolvency and Bankruptcy Code (IBC) have approached the finance ministry, seeking clarity on several aspects regarding the Central Board of Indirect Taxes and Customs (CBIC) notification issued on Saturday and a follow-up circular on Monday, people familiar with the development said.

Since the notification treats an IRP as distinct person from the corporate debtor, some IRPs wanted to know whether any taxable supply transaction between such distinct persons considered free of cost.

New Delhi: Interim resolution professionals managing various companies under the insolvency process have flagged several issues in a recent notification requiring separate GST registration ...


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