WHY IS GST IMPORTANT FOR A LOAN?

GST is important for availing a home loan because: The lenders consider GST as a crucial document to assess your level of income. Most lenders require GST (last 3 years) to process your loan application. GST is important to assess your credit worthiness and ensure if you will be able to pay your EMIs on time

  1. 1. GST eliminates the cascading effect of tax. ...
  2. 2. Higher threshold for registration. ...
  3. 3. Composition scheme for small businesses. ...
  4. 4. Simple and easy online procedure. ...
  5. 5. The number of compliances is lesser. ...
  6. 6. Defined treatment for E-commerce operators. ...
  7. 7. Improved efficiency of logistics. ...
  8. 8. The Unorganized sector is regulated under GST.

5,250.00 + GST


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