Page 78 - GSTL_2nd April 2020_Vol 35_Part 1

S4 GST LAW TIMES [ Vol. 35
the registered Goods and Services Tax Identification Number
(GSTIN) in the erstwhile Union territory of Daman and Diu to the
registered GSTIN in the new Union territory of Daman and Diu and
Dadra and Nagar Haveli by following the procedure as below :-
(a) the said class of persons shall intimate the jurisdictional tax of-
ficer of the transferor and the transferee regarding the transfer
of ITC, within one month of obtaining new registration;
(b) the ITC shall be transferred on the basis of the balance in the
electronic credit ledger upon filing of the return in the erst-
while Union territory of Daman and Diu, for the tax period
immediately before the transition date;
(c) the transfer of ITC shall be carried out through the return un-
der section 39 of the said Act for the tax period immediately
before the transition date and the transferor GSTIN shall debit
the said ITC from its electronic credit ledger in Table 4(B)(2) of
FORM GSTR-3B and the transferee GSTIN shall credit the
equal amount of ITC in its electronic credit ledger in Table
4(A)(5) of FORM GSTR-3B.
3. The balance of Union territory taxes in electronic credit ledger of the
said class of persons, whose principal place of business lies in the Union territory
of Daman and Diu, as on the 25th day of January, 2020, shall be transferred as
balance of Union territory tax in the electronic credit ledger.
[Notification No. 10/2020-C.T., dated 21-3-2020]

Corporate debtors undergoing insolvency resolution process
under the Insolvency and Bankruptcy Code, 2016 — Special
procedure to be followed
[Add on page 9.118 of 12th Edition of GST Law Manual, Vol. 2, 2020-21]
In exercise of the powers conferred by section 148 of the Central Goods
and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act),
the Government, on the recommendations of the Council, hereby notifies those
registered persons (hereinafter referred to as the erstwhile registered person),
who are corporate debtors under the provisions of the Insolvency and Bankrupt-
cy Code, 2016 (31 of 2016), undergoing the corporate insolvency resolution pro-
cess and the management of whose affairs are being undertaken by interim reso-
lution professionals (IRP) or resolution professionals (RP), as the class of persons
who shall follow the following special procedure, from the date of the appoint-
ment of the IRP/RP till the period they undergo the corporate insolvency resolu-
tion process, as mentioned below.
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 corpo-
rate debtor was registered earlier, within thirty days of the appointment of the
IRP/RP :
Provided that in cases where the IRP/RP has been appointed prior to the
date of this notification, he shall take registration within thirty days from the

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