Good news for SMEs! GST seems likely to open up more avenues for securing credit in a reliable and easy manner for the sector, say experts.
24 May, 2017For 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