TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI Offers Relief to MSME Borrowers: Loans Retain Standard Status Amid GST Transition Challenges, Meeting Specific Conditions.</h1> The Reserve Bank of India issued a circular providing relief to micro, small, and medium enterprise (MSME) borrowers registered under the Goods and Services Tax (GST). Due to cash flow disruptions during the GST transition, MSMEs faced difficulties in repaying loans, risking classification as Non-Performing Assets (NPAs). To support these entities, the RBI allows banks and NBFCs to classify such loans as standard assets under certain conditions: GST registration by January 31, 2018, exposure not exceeding Rs. 250 million, standard account status as of August 31, 2017, overdue payments cleared within 180 days, and a 5% provision by banks/NBFCs. This extension applies solely to asset classification, not income recognition.
TaxTMI 
TaxTMI 
