App for managing credit and cash flow - UpScale by CredAble's fintech platform announced its new e-invoicing solution. One of IRIS GST's esteemed clients, UpScale, worked on this project utilizing IRIS E-invoicing.
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.