Read more about the GST Data based lending and how it is the emerging case for MSMEs Credit Appraisal. How GST data based lending can be beneficial.
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The rise in GST notices due to policy changes, rule alterations, and fraudulent claims presents a complex challenge for companies. In this article, we'll explore effective strategies for managing multiple GST notices simultaneously.
Read the potential of harnessing real-time GST data to optimize lending strategies, benefits of GST data for lending, and how it facilitates more informed decisions and fosters economic growth.
Electronic Credit Reversal and Reclaimed Statement - In this article, we understand the significance of this new system, its impact on taxpayers, and the steps taken to ensure a seamless transition.
GST annual returns, taxpayers have been facing certain issues while filling form GSTR 9 and GSTR 9C.
Annual GST Return - Everything you want to know about GSTR9, GSTR9A, GSTR9B, GSTR9C filing. A statement that every taxpayer needs to file annually.
Invoice Verification in Lending Process: Read about the various data sets which can be useful typically from an invoice verification angle.
The government or the GST officials often send notice to registered taxpayers pertaining to any non-compliance or oversight in their GST returns.
As per the Finance Act – 2021, a proposal was released to omit certification by CA by amending Section 35(5) of the CGST Act. In the 43rd GST Council Meeting, the finance ministry reaffirmed this suggestion for changes in furnishing the reconciliation statement GSTR 9C with self-certification instead of by CA/CMA. Read all the changes related to GSTR 9C self-certification here…
GSTR 9 is an annual return form that a regular taxpayer is required to file for his/her annual turnover. The form requires invoice details for inward and outward supplies as procured by the given business.
A process of submitting the ‘Aadhaar number’ along with other biometric details of the Aadhaar holder to the CIDR for verifying its correctness is known as Aadhar authentication.
Utility of GST data for lending is proven, especially when it comes to lending to small businesses. The availability of data over APIs, relevance, and authenticity of data source i.e. the GST system itself, makes it the best fit for large scale digital lending programs. Read the article and learn about the important points to note while using GST data.
