<p><span>In December 2022, the Ministry of Finance, Government of India, issued Circular No. 187/19/2022-GST. This circular provides clarifications regarding the treatment of statutory dues under GST law for taxpayers whose proceedings have been finalized under the Insolvency and Bankruptcy Code (IBC), 2016.</span></p><p><span><strong>Key Highlights:</strong></span></p><ol start="1"><li><span><strong>Operational Debt:</strong> Any dues prior to the commencement of Corporate Insolvency Resolution Process (CIRP) will be treated as 'operational debt' and claims may be filed by the proper officer before the NCLT.</span></li><li><span><strong>Section 84 CGST Act:</strong> Details the continuation and validation of recovery proceedings for reduced government dues after appeal, revision, or other proceedings, including those under the IBC.</span></li><li><span><strong>Form GST DRC-25:</strong> Introduced for issuing intimation of reduced demand following the finalization of proceedings under IBC.</span></li><li><span><strong>Uniform Implementation:</strong> Ensures consistency in applying these provisions across various field formations.</span></li><li><span><strong>Public Notices:</strong> Recommendations for issuing trade notices to publicize the circular's contents.</span></li></ol><p><span>This circular is significant for corporate debtors undergoing insolvency and their compliance with GST dues.</span> <a href="https://cms.plasament.com/storage/cir-187-19-2022-cgst.pdf">cir-187-19-2022-cgst</a><br> </p>