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.
4 factors to consider while building credit models Using GST Data | GST Data based lending is gaining a lot of popularity | When we talk about digital-first, rather digital-only strategy, data is at the core
According to the Notification No. 38/2023- Central Tax dated 4th August 2023, the CGST Rules, 2017 were updated to include Rule 88D, accompanied by FORM GST DRC-01C.
The Union Finance Minister Nirmala Sitharaman presided over the 51st GST Council Meeting, which took place on August 2nd 2023. Read key highlights here...
In this blog, we will delve into 4 significant areas where GST disputes commonly arise and explore the underlying provisions of the CGST and GST Acts that contribute to these disputes.
