A good business verification app for an MSME should confirm that a buyer is a real, registered business and then show how risky it is to give that buyer credit. That means a GSTIN check (status, names, registration date, constitution), the GST filing record, company master data from MCA for companies, court cases, reports from other suppliers and, with the owner's consent, the owner's credit score. FundRaksha Trust covers these in three report levels, starting with a free Basic check for any GSTIN.
What a business verification app should check
| Check | What it answers | Where the data comes from |
|---|---|---|
| GST registration | Is the business registered and active? Do the names match? | Public GST records |
| GST filing record | Does it file GSTR-1 and GSTR-3B on time, or are returns missing? | Public GST records |
| Company master data | For a company or LLP: CIN, status (active, struck off), class, capital, age | MCA master data published on data.gov.in |
| Court cases | Are there cases over unpaid dues, cheque bounce or insolvency? | Public court records, matched by name |
| Defaulter reports | Have other suppliers reported that this buyer did not pay? | Reports from suppliers, reviewed before they are shown |
| Owner's credit report | How the proprietor, partners or directors repay their own loans | A credit bureau, fetched only with the owner's consent |
No single check is enough. An Active GSTIN only proves registration; it says nothing about how the buyer pays. See how to check a buyer before giving credit for the full checklist.
How FundRaksha Trust verifies a business
Enter the buyer's GSTIN in the app or the web app and choose the depth you need. Each report includes everything in the one before it. The full comparison is on the buyer verification page.
- Basic check (free): GST status, legal and trade name, registration date, constitution and nature of business.
- Advance GST report: adds a GST health score, the filing record with delays and missing returns, registered mobile and email, people and places of business, Aadhaar, eKYC and e-invoice signals, and defaults reported by other suppliers.
- GST + Financial report: adds the owner's credit score and loan repayment record, promoter or director financials, court cases including tribunals and FIRs, and a give-credit, give-with-care or avoid answer with suggested terms.
For companies, the free company search shows MCA master data by name or CIN, and you can browse companies by state and ROC.
The credit decision is guidance based on the data available that day. Court records are matched by name and can include people with similar names, so the report shows the match strength of each case. The final decision is yours.
Other features MSMEs use after the check
- Watchlist: a monthly re-check of a buyer's GST status, court cases and defaulter reports, with an alert when something changes.
- Receivables: invoices per buyer, a credit limit and credit days for each buyer, a warning before an invoice crosses the limit, and ageing. Tracked free of charge.
- Defaulter network: report a buyer who did not pay and see approved reports from other suppliers. Free, and your name is not shown. See the defaulter network.
- Bulk GST check: in the web app, upload a list of GSTINs and download the results.
- Team and CA access: invite your accountant or CA to work on your account from the web app.
Questions to ask before you pick any verification app
- Does it say where each piece of data comes from, and when it was last fetched?
- Does it fetch a person's credit report only with consent, and record that consent?
- Does it show court-case matches with a match strength, rather than as certain?
- Is the price per report clear, and are you refunded when a check cannot be completed?
- Can your CA or team use the same account?
FundRaksha Trust is one of several FundRaksha products for MSMEs. See the full family at www.fundraksha.com.
Frequently asked questions
Which app is best to verify a business in India?
Pick an app that goes beyond the GST status: filing record, MCA company data, court cases, reports from other suppliers and, with consent, the owner's credit score. FundRaksha Trust covers these, with a free Basic check for any GSTIN.
Can I verify a company without its GSTIN?
Yes, if it is a company or LLP. Use the free company search to find it by name or CIN in MCA master data. For proprietorships and partnership firms, the GSTIN is the practical starting point.
Is business verification free?
The Basic GST check in FundRaksha Trust is free for every GSTIN, and the company search is free. The Advance GST and GST + Financial reports are paid; prices are on the pricing page.
Do I need the buyer's permission to verify their business?
GST and company records are public. A credit report on the owner is different: it is fetched only after you confirm you have the owner's consent, and the confirmation is recorded with date, time and device.
Is the FundRaksha Trust app available in Hindi?
The app has a language setting with Hindi, Marathi, Gujarati, Tamil, Telugu, Kannada and Bengali as well as English. Some screens are still in English while translations are added.
This guide is general information for Indian businesses, not legal or tax advice. GST data shown by any tool comes from public records and should be confirmed on the GST portal before you act on it.