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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Operational creditors must submit GST forms under Regulation 2B for insolvency applications, with certain exemptions.</h1> Regulation 2B of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, mandates that operational creditors must submit copies of Form GSTR-1 and Form GSTR-3B, along with the e-way bill if applicable, when filing an application under section 9. This requirement applies to transactions, debts, and defaults under Goods and Services Tax laws. However, it exempts operational creditors not requiring GST registration and those dealing in goods and services not covered by GST laws. This regulation was introduced via a notification dated June 14, 2022.