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Companies under IBC process may get GST relief

Companies under IBC process may get GST relief

Monday, December 23, 2019, 10:29 AM

The government may allow companies undergoing resolution under the IBC to pay current levies of GST without the mandatory payment of past dues. This will remove a hurdle in the bankruptcy resolution process. 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, two senior government officials told.
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