Vendors can use GST returns as proof of default: Insolvency regulator

NEW DELHI: In a bid to reduce the delays in the resolution process, the Insolvency Bankruptcy Board of India (IBBI) has proposed some changes in the insolvency and bankruptcy regulations. The IBBI has recommended changes in the law to provide for filing copies of GSTR-1 and GSTR-3B returns filed by the operational creditors along with e-way bills as additional documentary evidence of the debt…