In a remarkable achievement of the country’s fintech ecosystem, the Account Aggregator (AA) framework is now being used to facilitate loan disbursement worth about Rs 4,000 crore a month, a report showed on Monday.
The lending firms have used the AA framework to facilitate loans worth Rs 42,300 crore since September 2021 till March 2024, with cumulative average loan ticket size at Rs 1,00,237 for the same period, according to Sahamati, an industry alliance for the AA ecosystem ...
Account Aggregators facilitating loan disbursement worth Rs 4,000 cr a month
Below the 54th GST Council meeting - Expectation Input Insurance Sector by Sandeep Pareek, Partner, Indirect Tax, BDO India
Perspective - Will the GST council remove GST on term insurance in its upcoming meeting?
Multiple stakeholders, including sitting ministers, have requested for exempting GST on term insurance as well as health insurance. It is likely that the GST Council may favourably consider this demand of the industry, especially if the revenue loss, due to grant o...
54th GST Council meeting - Expectation Input Insurance Sector by Sandeep Pareek, Partner, Indirect Tax, BDO India
As part of several taxpayer-friendly decisions, the GST Council on Saturday recommended the waiving of interest and penalty in cases of tax demand notices that have been sent under Section 73, of the GST Act, Finance Minister Nirmala Sitharaman said after the meeting.
"In the case of demand notices issued for 2017-18, 2018-19, 2019-20, interest and penalty will be waived off, if tax is paid by March 31, 2025," Nirmala Sitharaman said.
The GST Council has also reco...
GST Council waives interest, penalty on notices to taxpayers under Section 73