GST DAILY – 480 : Sale of assets of a company in liquidation by liquidator constitutes a supply of goods/services under GST: AAR
THE AUTHORITY FOR ADVANCE RULING UNDER GST, WEST BENGAL Maheshwary Ispat Ltd., decided on 27-2-2025
Tag: Liquidation
Director is not liable for payment of tax amount when it is not determinable that the Company is unable to pay the tax amount during liquidation proceedings
The Hon’ble Madras High Court in the case of K. Malathi v. State Tax Officer &Anr. [W.P.No.19728 of 2020 & 484 of 2021dated October 30, 2023] held that, Director is not liable for payment of tax amount when it is…
Dues of the CBIC, Department of Revenue will be paid as per the waterfall mechanism stipulated under the IBC
The Hon’ble Supreme Court in the case of Principal Commissioner of Customs v. Rajendra Prasad Tak & Ors [Civil Appeal Nos. 6432-6433 of 2023 dated October 30, 2023] reinforces the primacy of the waterfall mechanism under the Insolvency and Bankruptcy…