About this document
Understanding NBFCs and GST Impact by AYUSHI TYAGI is a document available to read on EtoBox.
NBFCs are non-banking financial corporations that are regulated by the Reserve Bank of India. To be considered an NBFC, the company must have over 50% of its assets and income derived from financial activities like loans, acquisitions of securities, leasing, and insurance. NBFCs differ from banks in that they cannot accept demand deposits or issue cheques. The implementation of GST has increased compliance burdens for NBFCs due to requirements to register in each state and the difficulty in determining the
- Author
- AYUSHI TYAGI
- Language
- EN