The Central Board of Indirect Taxes and Customs (CBIC) has issued a Standard Operating Procedure (SOP) for the National Company Law Tribunal (“NCLT”) cases in respect of the Insolvency and Bankruptcy Code, 2016 (“IBC”) in order to ensure the interests of revenue in cases involving GST/Customs duty recovery from the companies undergoing the liquidation process. The circular stated…
Source Taxscan
