GSTN in AA network: Operational costs of banks expected to come down

GSTN is expected to go live on AA network in late January or early February, people aware of the development say

Lenders and ecosystem players are upbeat about inclusion of the Goods and Services Tax Network (GSTN) to the account aggregator (AA) framework.

This will not only increase the flow of funds to micro, small and medium enterprises (MSMEs) but also reduce the operational cost of these lenders and make the entire process seamless.

GSTN is expected to go live on the AA network in the latter half of January or early February, people aware of the development said.

In a circular, the Reserve Bank of India (RBI) last month announced that GSTN has been included in the network as a