GST – GSTN to share data with RBI's frictionless credit platform which will help entities get loans faster on the basis of shared Goods and Services Tax (GST) related information


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01-Mar-2024 06:11:53
Key Pointers –
- The government has permitted GST Network to share data about GST-registered businesses, based on their consent, with the Reserve Bank's 'Public Tech Platform for Frictionless Credit'. This will help entities get loans faster on the basis of shared Goods and Services Tax (GST)-related information.
- Notification No. 06/2024 –Central Tax dated 22nd February, 2024 has issued by the Central Board of Indirect Taxes and Customs (CBIC) which notifies 'Public Tech Platform for Frictionless Credit' as the system with which information may be shared by the common portal based on consent…".
- The platform has been developed for the operation of a large ecosystem of credit, to ensure access of information from various data sources digitally.
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