It has been decided to add the Goods and Services Tax Network (GSTN) as a Financial Information Provider (FIP) under the Account Aggregator (AA) framework in order to promote cash flow-based lending to MSMEs.
Following the announcement and government directive, businesses with annual revenues of more than Rs. 5 Cr. and Rs. 10 Cr. must now adapt their internal systems to the GST e-invoicing procedure.
IRIS Business launches a joint “Go To Market” with Hylobiz, ab2b trade automation fintech, to offer an advanced connected business experience automating collections, compliance and commerce.
After years of delay, the Centre is aiming to set up the GST Appellate Tribunals (GSTATs) across the country. Even five years after the GST rollout, the country is still awaiting an appellate body to resolve tax disputes.