Operational creditors to furnish extracts of GSTR-1, GSTR-3B, and e-way bills, with the application for initiation of the corporate insolvency resolution process.
The amendment provides the operational creditors to furnish extracts of Form GSTR-1, Form GSTR-3B, and e-way bills, wherever applicable, along with the application filed under section 9 of the Insolvency and Bankruptcy Code, 2016. These additional sets of documents can be used as evidence of transactions with the corporate debtor, debt, and default, easing the process of admission. These documents will also be submitted as part of the claims submitted to the resolution professional to help collate of claims. Further, creditors filing applications under section 7 or 9 of the Code are required to furnish details of their PAN and Email ID to ensure smooth correspondence.