Daily Archives: 27th May 2019

BharatPe lines up loans for merchants

BENGALURU: Sequoia Capital-backed digital payments startup BharatPe has started extending small value, short duration loans to merchants by partnering with a few non-banking finance companies. It is also planning to apply for its own lending licence to lend to merchants who are accepting payments through BharatPe QR codes, showing consistent transactions on the platform for […]

Single authority for sanctioning, processing GST refunds likely by August

A single authority for sanctioning and processing GST refunds is in the offing as the Finance Ministry looks to speed up and simplify the process for exporters, an official said. The current mechanism entails a twin refund sanctioning authority of the central and state tax officers but that could well change by August when the […]