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GST Will Help SMEs Secure Credit Easily

Updated on: Jul 13th, 2021

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2 min read

Updates from 24 May, 2017

For all SMEs who were worried about the huge number of tax filings that await them in the GST era, there is some good news. It is true that they will face some teething troubles post the policy change, but in the long run, the GST system will make securing credit easier.

The tax filings on GSTN will be used as an important data source for flow-based lending. GST is expected to make invoicing and data-analytics easier and more credible, thus opening up opportunities for securing credit for both SMEs and lenders.

As reported in Economic Times

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Quick Summary

The GST system will make securing credit easier for SMEs, despite teething issues. Tax filings on GSTN will be crucial for flow-based lending and provide opportunities for both SMEs and lenders to secure credit.

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