![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
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 ET. “The issue is under discussion... A procedure will be worked out,” said one of them, adding that the officials are expected to meet this week to finalise the contours.
Tax authorities are treated on a par with operational creditors and eligible to receive payments with others. However, GST framework currently doesn’t allow a firm to file current tax dues if it has past dues. Penal action has been initiated for noncompliance even in cases where the insolvency resolution process has been initiated or GST registration has been cancelled.
This comes in the way of efforts to revive a company under IBC process. Industry organisations have lobbied the government on the issue, asking it to accept current GST dues while giving a moratorium on past ones.
Experts said there’s a need to align GST and IBC. “It is important that the period during which the corporate insolvency resolution process (CIRP) takes place is insulated from the past GST compliances of the company,” said Pratik Jain, indirect taxes leader, PwC.
\n
Read also<\/h4><\/a><\/figure>Vodafone Idea woes: Aditya Birla Group won’t face fund or bid curbs<\/a><\/h5><\/div><\/a><\/figure>Vodafone Idea will shut in absence of govt relief; Aditya Birla Group won't invest money: KM Birla<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
Industry backs immunity for corporate debtors from penalties or prosecution for noncompliance under the GST regime. “There is a need to recognise the fact that there could be several cases of default in GST filings\/payments due to genuine reasons,” said MS Mani, partner, Deloitte<\/a> India. “Such defaults should be condoned, possibly with a small penalty and the focus should be to avoid business disruptions.”
The Chennai bench of National Company Law Tribunal<\/a> (NCLT) recently directed revenue authorities to allow corporate debtors to access the GST portal to file taxes after the commencement of insolvency proceedings. \n\n\n\n
<\/body>","next_sibling":[{"msid":72931994,"title":"OnePlus to focus on offline expansion, manufacturing and R&D in 2020","entity_type":"ARTICLE","link":"\/news\/oneplus-to-focus-on-offline-expansion-manufacturing-and-rd-in-2020\/72931994","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72931624","title":"GST-BCCL","entity_type":"IMAGES","seopath":"news\/economy\/policy\/companies-under-ibc-process-may-get-gst-relief\/gst-bccl","category_name":"Companies under IBC process may get GST relief","synopsis":"Industry organisations have lobbied the government on the issue, asking it to accept current GST dues while giving a moratorium on past ones. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-232287\/72931624.cms?width=150&height=112","link":"\/image\/economy\/policy\/companies-under-ibc-process-may-get-gst-relief\/gst-bccl\/72931624"},{"msid":"72257432","title":"Vodafone Idea: Everything to know about India's ailing private telco","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco","category_name":"Slide-Shows","synopsis":"ETTelecom brings a timeline slideshow on Vodafone Idea's stretch in India","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-69423\/72257432.cms?width=150&height=112","link":"\/slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco\/72257432"}],"msid":72932016,"entity_type":"ARTICLE","title":"Companies under IBC process may get GST relief","synopsis":"Framework on cards to allow firms to pay current levies without clearing past dues. 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. Tax authorities are treated on a par with operational creditors and eligible to receive payments with others.","titleseo":"telecomnews\/companies-under-ibc-process-may-get-gst-relief","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2019-12-23 08:38:56","lastupd":"2019-12-23 09:07:06","breadcrumbTags":["deloitte","gst","National Company Law Tribunal","IBC","Bankruptcy Court","policy"],"secinfo":{"seolocation":"telecomnews\/companies-under-ibc-process-may-get-gst-relief"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2019-12-23" data-index="article_1">
- Telecom乐动扑克News
- 2分钟阅读
公司在IBC过程可能会销售税减免
框架在卡片上,让企业支付当前征税没有清算过去的会费。公司事务和部门的收入(金龟子)官员已经开始讨论此事,框架很可能很快就会公布。税务机关处理与操作债权人与他人和有资格获得支付。
新德里:政府可能允许公司接受决议下破产和破产代码(IBC)支付当前征税的商品和服务税(销售税没有过去的强制支付会费。这将删除破产的决议过程中的一个障碍。
公司事务和部门的收入(金龟子)官员已经开始讨论此事,一个框架可能会很快公布,两位高级政府官员告诉ET。“在讨论的问题是…一个过程将被制定出来,”官员说其中之一,预计本周会面,敲定轮廓。
税务机关处理与操作债权人与他人和有资格获得支付。然而,销售税框架目前不允许公司文件当前税务费如果有过去的会费。刑事诉讼已经发起了不服从甚至在破产的情况下解决过程已经启动或销售税注册被取消了。
这是在努力重振公司的IBC的过程。行业组织游说政府在这个问题上,让它接受当前GST税同时给予暂停过去的。
专家说,有一个需要对齐销售税和IBC。“重要的是,在这段时间,公司破产解决过程(CIRP)发生绝缘从过去GST遵从性的公司,“Pratik Jain说,间接税的领导者,普华永道。
产业支持企业债务人从处罚或起诉的豁免权消费税体制下不服从。“有必要认识到这一事实可能有几种情况下的违约销售税申请/支付由于真正的原因,“曼妮女士说,伙伴,德勤印度。“这样的违约应该宽恕,可能与一个小惩罚,避免业务中断的焦点应该是。”
的钦奈的长椅上国家公司法法庭(NCLT)最近针对收入当局允许企业债务人访问门户文件税消费税后开始破产程序。
<\/span><\/figcaption><\/figure> NEW DELHI: The government may allow companies undergoing resolution under the Insolvency and Bankruptcy Code (IBC<\/a>) to pay current levies of goods and services tax (GST<\/a>) 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 ET. “The issue is under discussion... A procedure will be worked out,” said one of them, adding that the officials are expected to meet this week to finalise the contours.
Tax authorities are treated on a par with operational creditors and eligible to receive payments with others. However, GST framework currently doesn’t allow a firm to file current tax dues if it has past dues. Penal action has been initiated for noncompliance even in cases where the insolvency resolution process has been initiated or GST registration has been cancelled.
This comes in the way of efforts to revive a company under IBC process. Industry organisations have lobbied the government on the issue, asking it to accept current GST dues while giving a moratorium on past ones.
Experts said there’s a need to align GST and IBC. “It is important that the period during which the corporate insolvency resolution process (CIRP) takes place is insulated from the past GST compliances of the company,” said Pratik Jain, indirect taxes leader, PwC.
\nRead also<\/h4><\/a><\/figure>Vodafone Idea woes: Aditya Birla Group won’t face fund or bid curbs<\/a><\/h5><\/div><\/a><\/figure>Vodafone Idea will shut in absence of govt relief; Aditya Birla Group won't invest money: KM Birla<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
Industry backs immunity for corporate debtors from penalties or prosecution for noncompliance under the GST regime. “There is a need to recognise the fact that there could be several cases of default in GST filings\/payments due to genuine reasons,” said MS Mani, partner, Deloitte<\/a> India. “Such defaults should be condoned, possibly with a small penalty and the focus should be to avoid business disruptions.”
The Chennai bench of National Company Law Tribunal<\/a> (NCLT) recently directed revenue authorities to allow corporate debtors to access the GST portal to file taxes after the commencement of insolvency proceedings. \n\n\n\n
<\/body>","next_sibling":[{"msid":72931994,"title":"OnePlus to focus on offline expansion, manufacturing and R&D in 2020","entity_type":"ARTICLE","link":"\/news\/oneplus-to-focus-on-offline-expansion-manufacturing-and-rd-in-2020\/72931994","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72931624","title":"GST-BCCL","entity_type":"IMAGES","seopath":"news\/economy\/policy\/companies-under-ibc-process-may-get-gst-relief\/gst-bccl","category_name":"Companies under IBC process may get GST relief","synopsis":"Industry organisations have lobbied the government on the issue, asking it to accept current GST dues while giving a moratorium on past ones. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-232287\/72931624.cms?width=150&height=112","link":"\/image\/economy\/policy\/companies-under-ibc-process-may-get-gst-relief\/gst-bccl\/72931624"},{"msid":"72257432","title":"Vodafone Idea: Everything to know about India's ailing private telco","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco","category_name":"Slide-Shows","synopsis":"ETTelecom brings a timeline slideshow on Vodafone Idea's stretch in India","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-69423\/72257432.cms?width=150&height=112","link":"\/slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco\/72257432"}],"msid":72932016,"entity_type":"ARTICLE","title":"Companies under IBC process may get GST relief","synopsis":"Framework on cards to allow firms to pay current levies without clearing past dues. 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. Tax authorities are treated on a par with operational creditors and eligible to receive payments with others.","titleseo":"telecomnews\/companies-under-ibc-process-may-get-gst-relief","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2019-12-23 08:38:56","lastupd":"2019-12-23 09:07:06","breadcrumbTags":["deloitte","gst","National Company Law Tribunal","IBC","Bankruptcy Court","policy"],"secinfo":{"seolocation":"telecomnews\/companies-under-ibc-process-may-get-gst-relief"}}" data-news_link="//www.iser-br.com/news/companies-under-ibc-process-may-get-gst-relief/72932016">
<\/a><\/figure>Vodafone Idea woes: Aditya Birla Group won’t face fund or bid curbs<\/a><\/h5><\/div><\/a><\/figure>Vodafone Idea will shut in absence of govt relief; Aditya Birla Group won't invest money: KM Birla<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
Industry backs immunity for corporate debtors from penalties or prosecution for noncompliance under the GST regime. “There is a need to recognise the fact that there could be several cases of default in GST filings\/payments due to genuine reasons,” said MS Mani, partner, Deloitte<\/a> India. “Such defaults should be condoned, possibly with a small penalty and the focus should be to avoid business disruptions.”
The Chennai bench of National Company Law Tribunal<\/a> (NCLT) recently directed revenue authorities to allow corporate debtors to access the GST portal to file taxes after the commencement of insolvency proceedings. \n\n\n\n
<\/body>","next_sibling":[{"msid":72931994,"title":"OnePlus to focus on offline expansion, manufacturing and R&D in 2020","entity_type":"ARTICLE","link":"\/news\/oneplus-to-focus-on-offline-expansion-manufacturing-and-rd-in-2020\/72931994","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72931624","title":"GST-BCCL","entity_type":"IMAGES","seopath":"news\/economy\/policy\/companies-under-ibc-process-may-get-gst-relief\/gst-bccl","category_name":"Companies under IBC process may get GST relief","synopsis":"Industry organisations have lobbied the government on the issue, asking it to accept current GST dues while giving a moratorium on past ones. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-232287\/72931624.cms?width=150&height=112","link":"\/image\/economy\/policy\/companies-under-ibc-process-may-get-gst-relief\/gst-bccl\/72931624"},{"msid":"72257432","title":"Vodafone Idea: Everything to know about India's ailing private telco","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco","category_name":"Slide-Shows","synopsis":"ETTelecom brings a timeline slideshow on Vodafone Idea's stretch in India","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-69423\/72257432.cms?width=150&height=112","link":"\/slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco\/72257432"}],"msid":72932016,"entity_type":"ARTICLE","title":"Companies under IBC process may get GST relief","synopsis":"Framework on cards to allow firms to pay current levies without clearing past dues. 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. Tax authorities are treated on a par with operational creditors and eligible to receive payments with others.","titleseo":"telecomnews\/companies-under-ibc-process-may-get-gst-relief","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2019-12-23 08:38:56","lastupd":"2019-12-23 09:07:06","breadcrumbTags":["deloitte","gst","National Company Law Tribunal","IBC","Bankruptcy Court","policy"],"secinfo":{"seolocation":"telecomnews\/companies-under-ibc-process-may-get-gst-relief"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2019-12-23" data-index="article_1">
- Telecom乐动扑克News
- 2分钟阅读
公司在IBC过程可能会销售税减免
框架在卡片上,让企业支付当前征税没有清算过去的会费。公司事务和部门的收入(金龟子)官员已经开始讨论此事,框架很可能很快就会公布。税务机关处理与操作债权人与他人和有资格获得支付。
新德里:政府可能允许公司接受决议下破产和破产代码(IBC)支付当前征税的商品和服务税(销售税没有过去的强制支付会费。这将删除破产的决议过程中的一个障碍。
公司事务和部门的收入(金龟子)官员已经开始讨论此事,一个框架可能会很快公布,两位高级政府官员告诉ET。“在讨论的问题是…一个过程将被制定出来,”官员说其中之一,预计本周会面,敲定轮廓。
税务机关处理与操作债权人与他人和有资格获得支付。然而,销售税框架目前不允许公司文件当前税务费如果有过去的会费。刑事诉讼已经发起了不服从甚至在破产的情况下解决过程已经启动或销售税注册被取消了。
这是在努力重振公司的IBC的过程。行业组织游说政府在这个问题上,让它接受当前GST税同时给予暂停过去的。
专家说,有一个需要对齐销售税和IBC。“重要的是,在这段时间,公司破产解决过程(CIRP)发生绝缘从过去GST遵从性的公司,“Pratik Jain说,间接税的领导者,普华永道。
产业支持企业债务人从处罚或起诉的豁免权消费税体制下不服从。“有必要认识到这一事实可能有几种情况下的违约销售税申请/支付由于真正的原因,“曼妮女士说,伙伴,德勤印度。“这样的违约应该宽恕,可能与一个小惩罚,避免业务中断的焦点应该是。”
的钦奈的长椅上国家公司法法庭(NCLT)最近针对收入当局允许企业债务人访问门户文件税消费税后开始破产程序。
<\/span><\/figcaption><\/figure> NEW DELHI: The government may allow companies undergoing resolution under the Insolvency and Bankruptcy Code (IBC<\/a>) to pay current levies of goods and services tax (GST<\/a>) 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 ET. “The issue is under discussion... A procedure will be worked out,” said one of them, adding that the officials are expected to meet this week to finalise the contours.
Tax authorities are treated on a par with operational creditors and eligible to receive payments with others. However, GST framework currently doesn’t allow a firm to file current tax dues if it has past dues. Penal action has been initiated for noncompliance even in cases where the insolvency resolution process has been initiated or GST registration has been cancelled.
This comes in the way of efforts to revive a company under IBC process. Industry organisations have lobbied the government on the issue, asking it to accept current GST dues while giving a moratorium on past ones.
Experts said there’s a need to align GST and IBC. “It is important that the period during which the corporate insolvency resolution process (CIRP) takes place is insulated from the past GST compliances of the company,” said Pratik Jain, indirect taxes leader, PwC.
\nRead also<\/h4><\/a><\/figure>Vodafone Idea woes: Aditya Birla Group won’t face fund or bid curbs<\/a><\/h5><\/div><\/a><\/figure>Vodafone Idea will shut in absence of govt relief; Aditya Birla Group won't invest money: KM Birla<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
Industry backs immunity for corporate debtors from penalties or prosecution for noncompliance under the GST regime. “There is a need to recognise the fact that there could be several cases of default in GST filings\/payments due to genuine reasons,” said MS Mani, partner, Deloitte<\/a> India. “Such defaults should be condoned, possibly with a small penalty and the focus should be to avoid business disruptions.”
The Chennai bench of National Company Law Tribunal<\/a> (NCLT) recently directed revenue authorities to allow corporate debtors to access the GST portal to file taxes after the commencement of insolvency proceedings. \n\n\n\n
<\/body>","next_sibling":[{"msid":72931994,"title":"OnePlus to focus on offline expansion, manufacturing and R&D in 2020","entity_type":"ARTICLE","link":"\/news\/oneplus-to-focus-on-offline-expansion-manufacturing-and-rd-in-2020\/72931994","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72931624","title":"GST-BCCL","entity_type":"IMAGES","seopath":"news\/economy\/policy\/companies-under-ibc-process-may-get-gst-relief\/gst-bccl","category_name":"Companies under IBC process may get GST relief","synopsis":"Industry organisations have lobbied the government on the issue, asking it to accept current GST dues while giving a moratorium on past ones. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-232287\/72931624.cms?width=150&height=112","link":"\/image\/economy\/policy\/companies-under-ibc-process-may-get-gst-relief\/gst-bccl\/72931624"},{"msid":"72257432","title":"Vodafone Idea: Everything to know about India's ailing private telco","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco","category_name":"Slide-Shows","synopsis":"ETTelecom brings a timeline slideshow on Vodafone Idea's stretch in India","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-69423\/72257432.cms?width=150&height=112","link":"\/slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco\/72257432"}],"msid":72932016,"entity_type":"ARTICLE","title":"Companies under IBC process may get GST relief","synopsis":"Framework on cards to allow firms to pay current levies without clearing past dues. 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. Tax authorities are treated on a par with operational creditors and eligible to receive payments with others.","titleseo":"telecomnews\/companies-under-ibc-process-may-get-gst-relief","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2019-12-23 08:38:56","lastupd":"2019-12-23 09:07:06","breadcrumbTags":["deloitte","gst","National Company Law Tribunal","IBC","Bankruptcy Court","policy"],"secinfo":{"seolocation":"telecomnews\/companies-under-ibc-process-may-get-gst-relief"}}" data-news_link="//www.iser-br.com/news/companies-under-ibc-process-may-get-gst-relief/72932016">
<\/a><\/figure>Vodafone Idea will shut in absence of govt relief; Aditya Birla Group won't invest money: KM Birla<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
Industry backs immunity for corporate debtors from penalties or prosecution for noncompliance under the GST regime. “There is a need to recognise the fact that there could be several cases of default in GST filings\/payments due to genuine reasons,” said MS Mani, partner, Deloitte<\/a> India. “Such defaults should be condoned, possibly with a small penalty and the focus should be to avoid business disruptions.”
The Chennai bench of National Company Law Tribunal<\/a> (NCLT) recently directed revenue authorities to allow corporate debtors to access the GST portal to file taxes after the commencement of insolvency proceedings. \n\n\n\n
<\/body>","next_sibling":[{"msid":72931994,"title":"OnePlus to focus on offline expansion, manufacturing and R&D in 2020","entity_type":"ARTICLE","link":"\/news\/oneplus-to-focus-on-offline-expansion-manufacturing-and-rd-in-2020\/72931994","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72931624","title":"GST-BCCL","entity_type":"IMAGES","seopath":"news\/economy\/policy\/companies-under-ibc-process-may-get-gst-relief\/gst-bccl","category_name":"Companies under IBC process may get GST relief","synopsis":"Industry organisations have lobbied the government on the issue, asking it to accept current GST dues while giving a moratorium on past ones. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-232287\/72931624.cms?width=150&height=112","link":"\/image\/economy\/policy\/companies-under-ibc-process-may-get-gst-relief\/gst-bccl\/72931624"},{"msid":"72257432","title":"Vodafone Idea: Everything to know about India's ailing private telco","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco","category_name":"Slide-Shows","synopsis":"ETTelecom brings a timeline slideshow on Vodafone Idea's stretch in India","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-69423\/72257432.cms?width=150&height=112","link":"\/slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco\/72257432"}],"msid":72932016,"entity_type":"ARTICLE","title":"Companies under IBC process may get GST relief","synopsis":"Framework on cards to allow firms to pay current levies without clearing past dues. 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. Tax authorities are treated on a par with operational creditors and eligible to receive payments with others.","titleseo":"telecomnews\/companies-under-ibc-process-may-get-gst-relief","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2019-12-23 08:38:56","lastupd":"2019-12-23 09:07:06","breadcrumbTags":["deloitte","gst","National Company Law Tribunal","IBC","Bankruptcy Court","policy"],"secinfo":{"seolocation":"telecomnews\/companies-under-ibc-process-may-get-gst-relief"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2019-12-23" data-index="article_1">
- Telecom乐动扑克News
- 2分钟阅读
公司在IBC过程可能会销售税减免
框架在卡片上,让企业支付当前征税没有清算过去的会费。公司事务和部门的收入(金龟子)官员已经开始讨论此事,框架很可能很快就会公布。税务机关处理与操作债权人与他人和有资格获得支付。
新德里:政府可能允许公司接受决议下破产和破产代码(IBC)支付当前征税的商品和服务税(销售税没有过去的强制支付会费。这将删除破产的决议过程中的一个障碍。
公司事务和部门的收入(金龟子)官员已经开始讨论此事,一个框架可能会很快公布,两位高级政府官员告诉ET。“在讨论的问题是…一个过程将被制定出来,”官员说其中之一,预计本周会面,敲定轮廓。
税务机关处理与操作债权人与他人和有资格获得支付。然而,销售税框架目前不允许公司文件当前税务费如果有过去的会费。刑事诉讼已经发起了不服从甚至在破产的情况下解决过程已经启动或销售税注册被取消了。
这是在努力重振公司的IBC的过程。行业组织游说政府在这个问题上,让它接受当前GST税同时给予暂停过去的。
专家说,有一个需要对齐销售税和IBC。“重要的是,在这段时间,公司破产解决过程(CIRP)发生绝缘从过去GST遵从性的公司,“Pratik Jain说,间接税的领导者,普华永道。
产业支持企业债务人从处罚或起诉的豁免权消费税体制下不服从。“有必要认识到这一事实可能有几种情况下的违约销售税申请/支付由于真正的原因,“曼妮女士说,伙伴,德勤印度。“这样的违约应该宽恕,可能与一个小惩罚,避免业务中断的焦点应该是。”
的钦奈的长椅上国家公司法法庭(NCLT)最近针对收入当局允许企业债务人访问门户文件税消费税后开始破产程序。
<\/span><\/figcaption><\/figure> NEW DELHI: The government may allow companies undergoing resolution under the Insolvency and Bankruptcy Code (IBC<\/a>) to pay current levies of goods and services tax (GST<\/a>) 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 ET. “The issue is under discussion... A procedure will be worked out,” said one of them, adding that the officials are expected to meet this week to finalise the contours.
Tax authorities are treated on a par with operational creditors and eligible to receive payments with others. However, GST framework currently doesn’t allow a firm to file current tax dues if it has past dues. Penal action has been initiated for noncompliance even in cases where the insolvency resolution process has been initiated or GST registration has been cancelled.
This comes in the way of efforts to revive a company under IBC process. Industry organisations have lobbied the government on the issue, asking it to accept current GST dues while giving a moratorium on past ones.
Experts said there’s a need to align GST and IBC. “It is important that the period during which the corporate insolvency resolution process (CIRP) takes place is insulated from the past GST compliances of the company,” said Pratik Jain, indirect taxes leader, PwC.
\nRead also<\/h4><\/a><\/figure>Vodafone Idea woes: Aditya Birla Group won’t face fund or bid curbs<\/a><\/h5><\/div><\/a><\/figure>Vodafone Idea will shut in absence of govt relief; Aditya Birla Group won't invest money: KM Birla<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
Industry backs immunity for corporate debtors from penalties or prosecution for noncompliance under the GST regime. “There is a need to recognise the fact that there could be several cases of default in GST filings\/payments due to genuine reasons,” said MS Mani, partner, Deloitte<\/a> India. “Such defaults should be condoned, possibly with a small penalty and the focus should be to avoid business disruptions.”
The Chennai bench of National Company Law Tribunal<\/a> (NCLT) recently directed revenue authorities to allow corporate debtors to access the GST portal to file taxes after the commencement of insolvency proceedings. \n\n\n\n
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公司在IBC过程可能会销售税减免
框架在卡片上,让企业支付当前征税没有清算过去的会费。公司事务和部门的收入(金龟子)官员已经开始讨论此事,框架很可能很快就会公布。税务机关处理与操作债权人与他人和有资格获得支付。
公司事务和部门的收入(金龟子)官员已经开始讨论此事,一个框架可能会很快公布,两位高级政府官员告诉ET。“在讨论的问题是…一个过程将被制定出来,”官员说其中之一,预计本周会面,敲定轮廓。
税务机关处理与操作债权人与他人和有资格获得支付。然而,销售税框架目前不允许公司文件当前税务费如果有过去的会费。刑事诉讼已经发起了不服从甚至在破产的情况下解决过程已经启动或销售税注册被取消了。
这是在努力重振公司的IBC的过程。行业组织游说政府在这个问题上,让它接受当前GST税同时给予暂停过去的。
专家说,有一个需要对齐销售税和IBC。“重要的是,在这段时间,公司破产解决过程(CIRP)发生绝缘从过去GST遵从性的公司,“Pratik Jain说,间接税的领导者,普华永道。
产业支持企业债务人从处罚或起诉的豁免权消费税体制下不服从。“有必要认识到这一事实可能有几种情况下的违约销售税申请/支付由于真正的原因,“曼妮女士说,伙伴,德勤印度。“这样的违约应该宽恕,可能与一个小惩罚,避免业务中断的焦点应该是。”
的钦奈的长椅上国家公司法法庭(NCLT)最近针对收入当局允许企业债务人访问门户文件税消费税后开始破产程序。
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 ET. “The issue is under discussion... A procedure will be worked out,” said one of them, adding that the officials are expected to meet this week to finalise the contours.
Tax authorities are treated on a par with operational creditors and eligible to receive payments with others. However, GST framework currently doesn’t allow a firm to file current tax dues if it has past dues. Penal action has been initiated for noncompliance even in cases where the insolvency resolution process has been initiated or GST registration has been cancelled.
This comes in the way of efforts to revive a company under IBC process. Industry organisations have lobbied the government on the issue, asking it to accept current GST dues while giving a moratorium on past ones.
Experts said there’s a need to align GST and IBC. “It is important that the period during which the corporate insolvency resolution process (CIRP) takes place is insulated from the past GST compliances of the company,” said Pratik Jain, indirect taxes leader, PwC.
\n
Read also<\/h4><\/a><\/figure>Vodafone Idea woes: Aditya Birla Group won’t face fund or bid curbs<\/a><\/h5><\/div><\/a><\/figure>Vodafone Idea will shut in absence of govt relief; Aditya Birla Group won't invest money: KM Birla<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
Industry backs immunity for corporate debtors from penalties or prosecution for noncompliance under the GST regime. “There is a need to recognise the fact that there could be several cases of default in GST filings\/payments due to genuine reasons,” said MS Mani, partner, Deloitte<\/a> India. “Such defaults should be condoned, possibly with a small penalty and the focus should be to avoid business disruptions.”
The Chennai bench of National Company Law Tribunal<\/a> (NCLT) recently directed revenue authorities to allow corporate debtors to access the GST portal to file taxes after the commencement of insolvency proceedings. \n\n\n\n
<\/body>","next_sibling":[{"msid":72931994,"title":"OnePlus to focus on offline expansion, manufacturing and R&D in 2020","entity_type":"ARTICLE","link":"\/news\/oneplus-to-focus-on-offline-expansion-manufacturing-and-rd-in-2020\/72931994","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72931624","title":"GST-BCCL","entity_type":"IMAGES","seopath":"news\/economy\/policy\/companies-under-ibc-process-may-get-gst-relief\/gst-bccl","category_name":"Companies under IBC process may get GST relief","synopsis":"Industry organisations have lobbied the government on the issue, asking it to accept current GST dues while giving a moratorium on past ones. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-232287\/72931624.cms?width=150&height=112","link":"\/image\/economy\/policy\/companies-under-ibc-process-may-get-gst-relief\/gst-bccl\/72931624"},{"msid":"72257432","title":"Vodafone Idea: Everything to know about India's ailing private telco","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco","category_name":"Slide-Shows","synopsis":"ETTelecom brings a timeline slideshow on Vodafone Idea's stretch in India","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-69423\/72257432.cms?width=150&height=112","link":"\/slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco\/72257432"}],"msid":72932016,"entity_type":"ARTICLE","title":"Companies under IBC process may get GST relief","synopsis":"Framework on cards to allow firms to pay current levies without clearing past dues. 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. Tax authorities are treated on a par with operational creditors and eligible to receive payments with others.","titleseo":"telecomnews\/companies-under-ibc-process-may-get-gst-relief","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2019-12-23 08:38:56","lastupd":"2019-12-23 09:07:06","breadcrumbTags":["deloitte","gst","National Company Law Tribunal","IBC","Bankruptcy Court","policy"],"secinfo":{"seolocation":"telecomnews\/companies-under-ibc-process-may-get-gst-relief"}}" data-news_link="//www.iser-br.com/news/companies-under-ibc-process-may-get-gst-relief/72932016">
<\/a><\/figure>Vodafone Idea woes: Aditya Birla Group won’t face fund or bid curbs<\/a><\/h5><\/div><\/a><\/figure>Vodafone Idea will shut in absence of govt relief; Aditya Birla Group won't invest money: KM Birla<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
Industry backs immunity for corporate debtors from penalties or prosecution for noncompliance under the GST regime. “There is a need to recognise the fact that there could be several cases of default in GST filings\/payments due to genuine reasons,” said MS Mani, partner, Deloitte<\/a> India. “Such defaults should be condoned, possibly with a small penalty and the focus should be to avoid business disruptions.”
The Chennai bench of National Company Law Tribunal<\/a> (NCLT) recently directed revenue authorities to allow corporate debtors to access the GST portal to file taxes after the commencement of insolvency proceedings. \n\n\n\n
<\/body>","next_sibling":[{"msid":72931994,"title":"OnePlus to focus on offline expansion, manufacturing and R&D in 2020","entity_type":"ARTICLE","link":"\/news\/oneplus-to-focus-on-offline-expansion-manufacturing-and-rd-in-2020\/72931994","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72931624","title":"GST-BCCL","entity_type":"IMAGES","seopath":"news\/economy\/policy\/companies-under-ibc-process-may-get-gst-relief\/gst-bccl","category_name":"Companies under IBC process may get GST relief","synopsis":"Industry organisations have lobbied the government on the issue, asking it to accept current GST dues while giving a moratorium on past ones. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-232287\/72931624.cms?width=150&height=112","link":"\/image\/economy\/policy\/companies-under-ibc-process-may-get-gst-relief\/gst-bccl\/72931624"},{"msid":"72257432","title":"Vodafone Idea: Everything to know about India's ailing private telco","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco","category_name":"Slide-Shows","synopsis":"ETTelecom brings a timeline slideshow on Vodafone Idea's stretch in India","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-69423\/72257432.cms?width=150&height=112","link":"\/slide-shows\/vodafone-idea-everything-to-know-about-indias-ailing-private-telco\/72257432"}],"msid":72932016,"entity_type":"ARTICLE","title":"Companies under IBC process may get GST relief","synopsis":"Framework on cards to allow firms to pay current levies without clearing past dues. 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. Tax authorities are treated on a par with operational creditors and eligible to receive payments with others.","titleseo":"telecomnews\/companies-under-ibc-process-may-get-gst-relief","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2019-12-23 08:38:56","lastupd":"2019-12-23 09:07:06","breadcrumbTags":["deloitte","gst","National Company Law Tribunal","IBC","Bankruptcy Court","policy"],"secinfo":{"seolocation":"telecomnews\/companies-under-ibc-process-may-get-gst-relief"}}" data-news_link="//www.iser-br.com/news/companies-under-ibc-process-may-get-gst-relief/72932016">
<\/a><\/figure>
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