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Taxation Goa Ministry of Finance Goa Goods and Services Tax Act, 2017

Government of Goa notifies the terms "Account Aggregator" under Section 158A of the Central Goods and Services Tax Act, 2017

13-Sep-2023 | 38/1/2017-Fin (R&C)(257)/3242

Government of Goa has notified the term "Account Aggregator" as the system with which information may be shared by the common portal based on consent under Section 158A of the Central Goods and Services Tax Act, 2017, effective from 1st October 2023.

By virtue of this circular, Account Aggregator means a non-financial banking company that undertakes the business of an Account Aggregator in accordance with the policy directions issued by the Reserve Bank of India under section 45JA of the Reserve Bank of India Act, 1934 and defined as such in the Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016.

Note: Section 158A of the Central Goods and Services Tax Act, 2017 states the particulars contained in any statement made, return furnished or accounts or documents produced in accordance with this Act, or in any record of evidence given in the course of any proceedings under this Act (other than proceedings before a criminal court), or in any record of any proceedings under this Act shall, not be disclosed.

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