⚖️🏢 GST Liability Governed by IBC Proceedings – Andhra Pradesh HC Ruling! 🏢⚖️ #GST #IBCLiability #LegalUpdate

In Patanjali Foods Ltd. vs. Assistant Commissioner (ST) (2024) 23 Centax 144, the Andhra Pradesh High Court held that any GST liability must be resolved in accordance with Insolvency and Bankruptcy Code (IBC) proceedings where applicable. 📝💼

➡️ The Court emphasized that as long as the NCLT order is in effect, all parties bound by it must comply. This means the liability of the Corporate Debtor under the AP VAT Act or GST Act is considered extinguished. ✅🏢

💡 Key Takeaway: Once an NCLT order stands, GST liabilities linked to the corporate debtor are resolved through the IBC process, not separately. 🛠️⚖️