The object of this website is to keep a track of all those defaulters who do not clear off their dues owing to the local business owners to make cautious other business owners of the city.
Defaulters Ledger Book is the term applied to such a book that keeps account of all those who do not pay off their dues to their lenders or business owners.
This business owners must have valid GST number in order to post on this website. Once they login they can enter their defaulters details in the form provided. This will help other business owners with valid GSTIN to track down the customers list entered by you. And thus this website will provide you and other business owners to find defaulters who do not clear off their dues, so that they are aware of such customers.
Let us understand this concept through an example. Suppose customer ‘A’ comes to business owner ‘X’. ‘X’ sells an item to ‘A’ on credit. But ‘A’ does not pay back to ‘X’ on time. ‘X’ decides to login to this website and make an entry against ‘A’ that ‘A’ is a defaulter. Customer ‘A’ goes to another business owner ‘Y’ to buy another item on credit. ‘Y’ before selling an item to ‘A’ decides to check the credit score of ‘A’ on this website. This way this website makes them aware of such customers before selling them any item.
Coming about the accuracy of data on this website:
- We have GST API that verifies the authenticity of the business owner.
- We have Aadhar API that verifies the authenticity if every individual described on this website.
- Though the website takes every step to validate / authenticate every entry made on the website yet the authenticity of the data that is entered by the business owner solely rests with the business owner and the owner of the website does not take any responsibility of it.
- Your use of this website is on the condition that you understand any profit or loss that you accrue through the use of this website is solely on your discretion and owner of the website is not responsible for it.
- Data on the website is for your help in making decisions but always use your discretion.