https://www.taxtmi.com/circulars?id=56702 Banks and NBFCs may maintain exposure to MSME borrowers as standard assets during GST transition if borrowers were GST-registered by the reference date, had aggregate exposure within the prescribed threshold and were standard earlier, and if overdue amounts and instalments due during the transition are paid within an extended cure period; lenders must make a specified provisioning which may be reversed once the account no longer breaches the applicable delinquency norm, and interest overdue beyond that norm cannot be recognised on accrual. en-us Wed, 07 Feb 2018 00:00:00 +0530 Wed, 07 Feb 2018 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56702 Banks and NBFCs may maintain exposure to MSME borrowers as standard assets during GST transition if borrowers were GST-registered by the reference date, had aggregate exposure within the prescribed threshold and were standard earlier, and if overdue amounts and instalments due during the transition are paid within an extended cure period; lenders must make a specified provisioning which may be reversed once the account no longer breaches the applicable delinquency norm, and interest overdue beyond that norm cannot be recognised on accrual. Circulars RBI Wed, 07 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56702