GST Implications on Liquidation: Maheshwary Ispat Ruling

In re Maheshwary Ispat Limited (GST AAR West Bengal) West Bengal Authority for Advance Ruling (AAR) recently addressed the issue of GST applicability on the sale of assets during the liquidation process of Maheshwary Ispat Limited. The company is currently undergoing liquidation, with Mr. Santanu Brahma appointed as the liquidator by the National Company Law Tribunal (NCLT), Kolkata. The applicant sought clarification on whether the sale of assets under liquidation constitutes a supply under GST law and whether the liquidator is required to obtain GST registration. The AAR examined relevant l...