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Factoring Bill: 'Integrate TReDS with GSTN e-invoicing portal'


Factoring Bill: ‘Integrate TReDS with GSTN e-invoicing portal’
February 04, 2021
Availability of e-invoices, vetted through GSTN, will provide an added layer of authenticity   -  ipopba×
Standing Committee on Finance bats for data sharing
The Standing Committee on Finance headed by Jayant Sinha has recommended the integration of Trade Receivables Discounting System (TReDS) platform with GSTN e-invoicing portal leading to automatic uploading of all GST invoices onto the TReDS platform to enable real time sharing of data that will allow buyers and sellers to have a single window access to invoices.
The availability of e-invoices, vetted through GSTN, will provide an added layer of authenticity, which will make the TReDS platform more attractive and give more comfort to the financiers. “This would encourage enterprises to make a shift to TReDS platform, and creating an efficient working capital cycle for MSMEs,” the Standing Committee said in its repor ....

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