Knowledge & News Network (KNN)Nov 15, 2021Linking GST data with TReDS beneficial for MSMEs & GovtNew Delhi, 2 Nov (KNN) The linking of GST data with Trade Receivables Discounting System (TReDS) is advantageous for both MSMEs and the government, as it will help the latter departments, PSUs, CPSEs, etc, finance their payments to MSME sellers of goods and services.As per a LiveMint article coauthored by V. Anantha Nageswaran & Mahesh Singarapu are, who are visiting distinguished professor of economics at Krea University; and an Indian Revenue Service officer and deputy director in the Enforcement Directorate, GST system is supposed to develop a rating system for all taxpayers based on their tax compliance and other factors, which may prove valuable for factoring agencies on the TReDS. All these linkages will help digitize the supply chain of MSMEs, making their access to finance much easier.Read more at Knowledge & News Network (KNN)
New Delhi, 2 Nov (KNN) The linking of GST data with Trade Receivables Discounting System (TReDS) is advantageous for both MSMEs and the government, as it will help the latter departments, PSUs, CPSEs, etc, finance their payments to MSME sellers of goods and services.As per a LiveMint article coauthored by V. Anantha Nageswaran & Mahesh Singarapu are, who are visiting distinguished professor of economics at Krea University; and an Indian Revenue Service officer and deputy director in the Enforcement Directorate, GST system is supposed to develop a rating system for all taxpayers based on their tax compliance and other factors, which may prove valuable for factoring agencies on the TReDS. All these linkages will help digitize the supply chain of MSMEs, making their access to finance much easier.Read more at Knowledge & News Network (KNN)
