A liquidator appointed by NCLT is liable to pay GST on asset sales

A liquidator appointed by NCLT is liable to pay GST on asset sales

THE AUTHORITY OF ADVANCE RULING WEST BENGAL

The Question and Ruling as follows : Whether a liquidator appointed by NCLT is liable to pay GST on asset sales and required to get registered?

RULING

The sale of the assets of the applicant by NCLT appointed liquidator is a supply of goods by the liquidator, who is required to take registration under section 24 of the GST Act. If she is already registered as a distinct person of the corporate debtor in terms of Notification No. 11/2020 – Central Tax dated 21/03/2020, she should continue to remain registered till her liability ceases under section 29 (1) (c) of the GST Act. This Ruling is valid subject to the provisions under Section 103 until and unless declared void under Section 104(1) of the GST Act.