E-invoice can become a medium for bank loans

Finance Secretary Ajay Bhushan Pandey hopes the growth in GST collections will continue, and that e-invoicing will become a medium for availing of bank loans.

He said indirect taxes, particularly GST, have been recovering. “With further improvement in indirect taxes, we hope there will be some positive impact on direct taxes.” E-invoice can be basis for lending. Banks can judge the potential of a borrower based on e-invoice, which has information on receivables, he said.