Section 160: Recovery from a Company in Liquidation
If a company is undergoing liquidation, as outlined in section 88, the Commissioner is required to inform the liquidator about any outstanding amounts related to taxes, interest, penalties, or other dues under the Act. This notification is done using FORM GST DRC-24. This ensures that the liquidator is aware of these financial obligations and can address them during the liquidation process.
Note: It is an AI generated summary for reference purpose only.
160. Recovery from company in liquidation
Where the company is under liquidation as specified in section 88, the Commissioner shall Notify the liquidator for the recovery of any amount representing tax, interest, penalty or any other amount due under the Act in FORM GST DRC -24.
