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Govt working to bring changes in GST Act, public platforms to support biz: Jayant Sinha

Govt working to bring changes in GST Act, public platforms to support biz: Jayant Sinha

The government is working to bring changes in the GST Act and other public platforms so that companies can utilise data to grow big in size and scale, Jayant Sinha, Chairperson, Parliament Standing Committee on Finance, said on Thursday.

“Public platforms such as UPI and Aadhaar are very important platforms. Even then, for us to leapfrog, we have to do more in terms of public platforms,” Sinha said while speaking at the Assocham e-summit on ‘Non-Banking Finance Companies & Infrastructure Financing: Transforming the Financial Lending Landscape’.

When the Factoring Bill came to the Standing Committee on Finance, the government was opening up factoring to more non-banking financial companies and enabling more NBFCs to participate in that.

“But even as we were doing that we were not addressing some important platform and data related issues.

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