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GSTR Analysis
Fintech

Why Fintech Companies Leverage GSTR Analysis for Credit Risk Assessment

April 27, 2023 precisateam No comments yet

The market size of the digital lending industry in India was worth just $ 9 billion in 2012. By the end of 2023, it is projected to reach a value of $ 350 billion. Fintech companies have played a major role in the accelerated growth of digital lending, and in particular, small business financing. The […]

Modifications-in-GSTR-3B-Format-A-Remedy-For-Fake-Invoicing-Issues
Digital Lending

Modifications in GSTR-3B Format: A Remedy for Fake Invoicing Issues?

October 24, 2022 precisateam No comments yet

Implementing Goods and Service Tax (GST) in 2017 was a significant step in India’s indirect tax reforms. The goal was to establish a unified taxation system across the nation. GST amalgamated many indirect taxes to avoid double taxation. The new policy aimed to ease business by installing centralised online procedures for filing GST returns (GSTR) […]

Collision-Between-GSTR-and-MSMEs
Fintech

From 2017 to 2022: A Collision Between GSTR and MSMEs

January 8, 2022 precisateam No comments yet

We are in 2022, and India’s economy is evolving amidst a global crisis. However, to achieve the $5 trillion economy dream by 2024-2025, the country certainly needs economic recalibrations. It wasn’t long ago when the pandemic caused an unprecedented downfall for the global economy, not to mention the MSME sector. Currently, the MSME sector is […]

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