Notification of Account Aggregator – Data Sharing under Section 158A

Notification No.: 33/2023 – Central Tax
Date of Notification: 31st July 2023

Relevant Sections and Rules:

• Central GST Act, 2017:
  • Section 158A – Consent-based sharing of information furnished on the GST portal
• Integrated GST Act, 2017:
  • Section 20 – Application of provisions of CGST Act to IGST Act
• Other Law Referred:
  • Reserve Bank of India Act, 1934 – Section 45JA
  • NBFC – Account Aggregator (Reserve Bank) Directions, 2016

Summary of Notification:

1. This notification notifies “Account Aggregator” systems as the entities with which information may be shared by the GST common portal under Section 158A of the CGST Act, 2017, based on taxpayer consent.
2. The notification will come into effect from 1st October 2023.
3. An Account Aggregator is a type of NBFC licensed by the Reserve Bank of India (RBI) to facilitate consent-based data sharing between financial institutions.
4. This move integrates GST data with the Account Aggregator framework, enabling smoother flow of financial information for credit, compliance, and financial services based on taxpayer consent.

Source: Notification No.: 33/2023 – Central Tax