Lenders can use GST Data to make SME Loan decisions

Lenders find that GST Data is helpful for making SME Loan decisions. GST return-filing data, e-way bill and e-invoicing data is now becoming a deciding factor for a corporate borrower’s cash flow position and identifying its credit-worthiness.

E-invoicing is setting the groundwork for algorithmic credit disbursal, which will have a significant impact on how credit is distributed. GST Suvidha Providers (GSPs) and private agencies are now being authorized to generate invoices and documents through software linked to official portals.