Insolvency Resolution Professionals (IRPs) and Resolution Professionals (RPs) can now register on the GST Portal on behalf of corporate debtors. This new facility allows them to apply for registration in each state or union territory where the debtor was previously registered, using the debtor's PAN and CIN. The registration must be completed within thirty days of appointment, and the IRP/RP will be the primary authorised signatory.
Facility for registration of IRP/RPs made available on the GST Portal
Insolvency Resolution Professionals/ Resolution Professionals (IRPs/RPs), appointed to undertake corporate insolvency resolution proceedings for Corporate Debtors, in terms of Notification. No 11/2020-CT, dated 21st March, 2
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FAQ :
Insolvency Resolution Professionals (IRPs) and Resolution Professionals (RPs) appointed for corporate insolvency resolution proceedings can register on the GST Portal on behalf of corporate debtors.
Registration is done on behalf of the Corporate Debtor using their PAN and CIN. Details for the Principal Place of business/Additional place of business must match the original registration of the Corporate Debtor.
IRPs/RPs must apply for new registration within thirty days of their appointment.
The person appointed as IRP/RP shall be the Primary Authorised Signatory for the newly registered company.
If the IRP/RP changes after the initial appointment, it is considered a change of authorised signatory, not a new registration. If the RP is different from the IRP, or a new IRP/RP is appointed midway, the change can be made via a non-core amendment in the registration form.