GST News Feed


Textiles SMEs unaffected by GST rollout: Arun Jaitley

Union Finance Minister Arun Jaitley has said small retailers in textiles sector have not been affected by Goods and Services Tax (GST), while replying to a starred question in Rajya Sabha on July 18 in a written reply. The Finance Minister said that organised players and unorganised sellers are l…

Don’t wait for last day to file returns, cautions GSTN Chairman

Will GST be a long-term pain for SMEs?

Global leader in credit ratings and research, Fitch Ratings has said in its latest special report on the newly rolled-out Goods and Services Tax (GST) that the tax regime is probable to have a negative impact on the SME sector. “India’s new Goods and Services Tax (GST) is likely to have a b…

Kalraj Mishra bats for acceleration to Khadi industry

Kalraj Mishra bats for acceleration to Khadi industry

Union MSME Minister Kalraj Mishra has expressed the willingness for Khadi products to be exempt from the new tax regime that has come into effect with the roll-out of Goods and Services Tax (GST) on July 1. The Union Minister was addressing a meeting with Khadi institution in the august presence …

NSIC ushers in with GST helpline to help MSMEs undergo transition

NSIC launches GST helpline to help MSMEs undergo transition

National Small Industries Corporation (NSIC) has launched a GST helpline to help MSMEs conduct their business under the new tax regime. The helpline comes as part of the Corporation’s earlier launched GST information campaign. The helpline comes to assist MSMEs undergo the GST transition and unde…


GST Impact: Lenovo sees 5% growth in biz on the back of SMEs

PC maker Lenovo is expecting a 5 per cent increment in business after the GST rollout, given small traders will also be required to file their I-T returns thrice a month now, a company’s top executive said. “The computer industry is the only one which has a dual impact of GST which pe…


Yes Bank launches ‘YES GST’ programme for MSMEs

Through the program, the Bank will help MSMEs understand the impact of the proposed changes under the new tax system. Missed Call Helpline facility, GST-ready Working Capital Management, GST-ready Invoicing and Cash Management solution, and GST-ready Business Credit Cards will be provided.