Notification No. 39/2020–Central Tax- New GST Registration for corporate debtors undergoing corporate insolvency resolution process.

Time limit for registration extended due to covid by substituting the following to para 2-

Registration.- The said class of persons shall, with effect from the date of appointment of IRP / RP, be treated as a distinct person of the corporate debtor, and shall be liable to take a new registration (hereinafter referred to as the new registration)in each of the States or Union territories where the corporate debtor was registered earlier, within thirty days of the appointment of the IRP/RP or by 30th June, 2020, whichever is later

Ministry of Finance
(Department of Revenue)
(Central Board Of Indirect Taxes And Customs)

Notification No. 39/2020–Central Tax

New Delhi, the 5th May, 2020

G.S.R. 273(E).—In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Government, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 11/2020-Central Tax, dated the 21st March, 2020, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 194(E), dated the 21st March, 2020, namely:—

In the said notification

(i) in the first paragraph, the following proviso shall be inserted, namely: –

“Provided that the said class of persons shall not include those corporate debtors who have furnished the statements under section 37 and the returns under section 39 of the said Act for all the tax periods prior to the appointment of IRP/RP.”

(ii) for the paragraph 2, with effect from the 21st March, 2020, the following paragraph shall be substituted, namely: –

“2. Registration.-The said class of persons shall, with effect from the date of appointment of IRP / RP, be treated as a distinct person of the corporate debtor, and shall be liable to take a new registration (hereinafter referred to as the new registration)in each of the States or Union territories where the corporate debtor was registered earlier, within thirty days of the appointment of the IRP/RP or by 30th June, 2020, whichever is later:.”.

[F. No. CBEC-20/06/04/2020-GST]

PRAMOD KUMAR, Director

Note :The principal notification was published in the Gazette of India, Extraordinary, PartII, Section 3, Sub-section (i) vide notification No. 11/2020-Central Tax, dated the 21st March, 2020, published vide number G.S.R. 194(E), dated the 21st March, 2020.
Also Read other GST Notification issued on 06th May 2020-

Title Notification No. Date
Revised GSTR-3B Due dates for for UT of J&K, Ladakh notified Notification No. 42/2020–Central Tax/G.S.R. 276(E) 05/05/2020
GST annual return filing date for FY 2018-19 extended till 30.09.2020 Notification No. 41/2020–Central Tax/G.S.R. 275(E) 05/05/2020
CBIC extends validity of e-way bills till 31.05.2020 Notification No. 40/2020–Central Tax/G.S.R. 274(E) 05/05/2020
New GST registration post appointment of IRP/RP by 30.06.2020 Notification No. 39/2020–Central Tax/G.S.R. 273(E) 05/05/2020
GSTR 3B- Nil Return by SMS- Companies can file through EVC Notification No. 38/2020–Central Tax/G.S.R. 272(E) 05/05/2020

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