Quick Summary
The Reserve Bank on Wednesday said the Goods and Services Tax Network (GSTN) has been included in the list of financial information providers under the Account Aggregator framework to facilitate cash flow-based lending to MSMEs. An Account Aggregator (AA) is a type of RBI-regulated entity (with an N
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
BEST VALUE
2 YEAR PLAN
3,499
(Excl. of GST ₹629)
1 YEAR PLAN
1,999
(Excl. of GST ₹359)
3 MONTHS PLAN
999
(Excl of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The Account Aggregator framework, regulated by the RBI, allows individuals to securely share their financial information digitally between different financial institutions within the AA network.
GSTN has been included to facilitate cash flow-based lending for MSMEs by providing access to their financial information.
Form GSTR-1 and Form GSTR-3B will be considered the financial information under this framework.
The Department of Revenue will be the regulator of GSTN for its role as a Financial Information Provider.
GSTN, which serves as the technology backbone for GST, has 1.40 crore registered taxpayers.
CAclubindia
