Seeks to notify, w.e.f. 22.02.2024, “Public Tech Platform for Frictionless Credit" as the system with which information may be shared by the common portal based on consent. - 637-F.T. - West Bengal SGST

GOVERNMENT OF WEST BENGAL FINANCE DEPARTMENT REVENUE NOTIFICATION No. 637-F.T. Dated, Howrah, the 23rd day of April, 2024 [Corresponding Central Notification No. 06/2024-Central Tax] In exercise of the powers conferred by section 158A of the West Bengal Goods and Services Tax Act, 2017 (West Ben. Act XXVIII of 2017), the Governor, on the recommendations of the Council, is pleased hereby to notify Public Tech Platform for Frictionless Credit as the system with which information may be shared by the common portal based on consent under subsection (2) of Section 158A of the West Bengal Goods and Services Tax Act, 2017 (West Ben. Act XXVIII of 2017). Explanation. For the purpose of this notification, Public Tech Platform for Frictionless Credit means an enterprise-grade open architecture information technology platform, conceptualised by the Reserve Bank of India as part of its Statement on Developmental and Regulatory Policies dated the 10th August, 2023 and developed by its wholly owned subsidiary, Reserve Bank Innovation Hub, for the operations of a large ecosystem of credit, to ensure access of information from various data sources digitally and where the financial service providers and multiple data service providers converge on the platform using standard and protocol driven architecture, open and shared Application Programming Interface (API) framework. 2. This notification shall be deemed to have come into effect from the 22nd day of February, 2024 By order of the Governor, MALAY GHOSH, IAS OSD Ex-officio Secretary to the Government of West Bengal