Corporate Debtors not to include those who furnished the Statements and Returns: Delhi GST [Read Notification]

The Delhi Goods and Service Tax (GST) notified that the class of corporate debtors shall not include those corporate debtors who have furnished the statements and the returns under Section 37 and section 39 of the Delhi Goods and Services Tax Act, 2017 respectively.

The notification shall come into force with effect from the 5th May, 2020.

The Lt. Governor of National Capital Territory of Delhi, on the recommendations of the Council, makes the amendments in the notification of the Government of National Capital Territory of Delhi, in the Department of Finance (Revenue-I) No. 11/2020– State Tax, dated August 20, 2020.

In the first paragraph, “Provided that the said class of persons shall not include those corporate debtors who have furnished the statements under section 37 and the returns under section 39 of the said Act for all the tax periods prior to the appointment of IRP/RP,” proviso shall be inserted.

Further in paragraph 2 the definition of ‘Registration’ is substituted which says, “the said class of persons shall, with effect from the date of appointment of IRP/RP, be treated as a distinct person of the corporate debtor, and shall be liable to take a new registration (hereinafter referred to as the new registration) in each of the States or Union territories where the corporate debtor was registered earlier, within thirty days of the appointment of the IRP/RP or by 30th June 2020, whichever is later,” which will come into force from the 21st March 2020.