Companies under IBC process may get GST relief - Business News, Finance News, Share Market News - Market trendz

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Monday, 23 December 2019

Companies under IBC process may get GST relief

Framework on cards to allow firms to pay current levies without clearing past dues. Ministry of Corporate Affairs and Department of Revenue (DoR) officials have begun talks on the matter and a framework is likely to be unveiled soon. Tax authorities are treated on a par with operational creditors and eligible to receive payments with others.

from GST-Small Biz-Economic Times
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