RBI includes GSTN as Financial Information Provider under Account Aggregator Framework

RBI includes GSTN as Financial Information Provider under Account Aggregator Framework

Deepak Gupta | Nov 23, 2022 | Views 80281

RBI includes GSTN as Financial Information Provider under Account Aggregator Framework

RBI includes GSTN as Financial Information Provider under Account Aggregator Framework

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. For this particular purpose, the Department of Revenue shall regulate the GSTN, and the Financial Information shall be the Goods and Services Tax (GST) Returns, namely Form GSTR-1 and Form GSTR-3B.

Accordingly, the select instructions contained in the Master Direction referred to above have been amended

Source: RBI

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Tags: GST, GSTN, RBI