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Mumbai (Maharashtra) [India], December 30 (ANI/NewsVoir): The Government of India collected Rs 1.52 trillion as goods and services tax (GST) in October, reporting a 16.6 per cent year-on-year increase, driven by festive spending, better compliance, and higher tax rates. This collection is expected to increase further and exceed FY23 budget estimates by Rs 1.3-1.4 trillion. Amidst this, Jocata launched its proprietary AI/ML-based risk and business intelligence score, SME DNA, which will fast-track priority sector lending for banks and empower MSMEs to review and improve their business performance and get access to timely credit. "The GST framework is a treasure trove of business transactions data and is now beginning to drive financial institutions' lending decisions, especially to MSMEs," said Prashant Muddu, CEO & MD, Jocata, a B2B digital lending and compliance fintech. SME DNA comes at a time when there is a growing demand for GST-based analytics. A strong regulato
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