Entrepreneur IndiaJan 4, 2022Union Budget 2018-19: Invoice Discounting Platforms Can Access MSME's GSTIN Data For AuthenticityLate payment is one of the major problems among the MSMEs, especially in the manufacturing sector as their working capital is out of the systemWith enormous data created post the implementation of the GST, Finance Minister Arun Jaitley while presenting the Union Budget 2017-18 said the Trade Receivables Discounting System (TReDs) platform could use the GSTIN data to address the MSMEs credit owes.Late payment is one of the major problems among the MSMEs, especially in the manufacturing sector as their working capital is out of the system.With the TreDs platform, these companies can trade their invoices as collateral with financial institutions or a bank on lower than the receivables or in other words discount the bills.Read more at Entrepreneur India
Late payment is one of the major problems among the MSMEs, especially in the manufacturing sector as their working capital is out of the systemWith enormous data created post the implementation of the GST, Finance Minister Arun Jaitley while presenting the Union Budget 2017-18 said the Trade Receivables Discounting System (TReDs) platform could use the GSTIN data to address the MSMEs credit owes.Late payment is one of the major problems among the MSMEs, especially in the manufacturing sector as their working capital is out of the system.With the TreDs platform, these companies can trade their invoices as collateral with financial institutions or a bank on lower than the receivables or in other words discount the bills.Read more at Entrepreneur India
