When a borrower presents an active GSTIN as part of a loan application, credit teams typically treat it as a green flag. The business is registered, the number is valid, and the portal confirms it’s active. Move on to the next document. That’s the wrong conclusion to draw. A GSTIN validation check confirms one thing: […]
For most salaried borrowers, a bank statement is enough. The income is regular, repayment capacity is calculable, and the bureau report fills in the credit history. MSME borrowers are different. Business income moves across multiple accounts, sometimes in cash. A business with five years of operating history may still have a thin or inconsistent bank […]
Business loans involve a basic question that sounds straightforward: is this a real, operating business? At Precisa, it’s a question that runs through thousands of loan files we process for lenders and NBFCs across India. GSTIN verification is one of the fastest ways to answer it, and one of the most skipped steps in informal […]
GSTR analysis for lenders is the automated cross-verification of borrowers’ GST returns (GSTR-1, GSTR-3B, GSTR-2A, GSTR-9) against bank statements to detect fraud, validate revenue claims, and assess creditworthiness. Precisa’s platform processes this verification in 2.7 seconds with 97% accuracy—catching 60%+ of fraud cases that single-source verification misses. A credit officer at a Bengaluru-based NBFC sits […]
A GST tool in lending is not a compliance dashboard. It does not help borrowers file returns or track their tax liability. What it does is something far more specific: it pulls a borrower’s GST return data from the GSTN portal, cross-checks it against bank statements, and flags discrepancies that indicate income inflation, fake invoicing, […]
Year-end reviews land at the worst possible time. Documents pile up, clients call with last-minute queries, and the window to make any meaningful changes is closing fast. For CAs managing a full roster, the real challenge isn’t knowing what to look for; it’s getting through the analysis quickly enough to act on it. ITR analysis […]
Tax filing season is when the cracks start to show. Businesses that have spent months accumulating Input Tax Credit (ITC) on questionable invoices suddenly need those claims to hold up. Clients who papered over weak months with fictitious purchases now sit across from their CAs, expecting clean filings. And CAs, working through stacks of GSTR […]
An MSME applies for a ₹25 lakh working capital loan. GSTR shows ₹60 lakh annual turnover. Bank statements show a healthy cash flow. The credit officer approves. Six months later, the loan defaults. What went wrong? Most lenders verify GSTR data and bank statements as separate documents. GSTR confirms business legitimacy and turnover. Bank statements […]
If you work in lending, financial risk assessment, or credit analysis, you’ve probably seen how many hours get swallowed by just one task: You sit down with a loan application, and suddenly half your day disappears into reviewing bank statements and GST returns. Page after page of transactions. Manual calculations. Cross-checking numbers between different documents. […]
Around 2.74 million Medium and Small Enterprise (MSME) loans were sanctioned in the financial year 2023-2024, a 19.3% volume and 5.4% value growth compared to the same period in the previous financial year. Additionally, microfinance loans witnessed a 26.8% growth in the defined timelines, indicating a significant rise in the demand for credit in India. […]
