Eye Share: Factoring Arrangements - From GST Perspective

It is very essential to have a proper control and management of receivables as they constitute a significant portion of current assets of the firm. For proper management of receivables, a firm can avail services of specialized institutions called factoring firms.The author C.A. Hemant Gupta (Alok Mittal & Associates, Chartered Accountants), puts forth the definition of Factoring i.e. it is a kind of financial service in which a business organization sells its ac...