With differential tax slabs for same commodity, traders may imitate the designs of registered brands but price their product lower
…
GST News Feed
GST figures: Over 10 lakh new registrations approved, another 2 lakh in process
In addition about 71 lakh people have migrated to GST out of earlier registered persons. Once registered, provisional GSTIN is allotted to furnish business details.
…
DBS Bank & Tally Solutions bring GST-enabled banking solution for SMEs
With a single login, SMEs can make payments, track payment transaction status and automatically send payment receipts, along with suppliers’ invoice details
…
Easy loans come to rescue as SMEs inch towards GST
Banks releasing working capital loans for SME clients & providing own readymade SaaS-enabled platforms for easier GST compliance; Online lenders trying to tap into post-GST market
…
GST impact: The good & bad for fintech & start-ups under new regime
For startups and new businesses, there is some relief as currently, a business with turnover above Rs 5 lakh had to register for and pay Value Added Tax (VAT), which would differ across states.
…
‘GST is a key catalyst for India’s fintech revolution’
Indian businesses have used a pen-and-paper mechanism for keeping records for over 60 years now, and GST has toppled the proverbial apple cart in a big way. Small businesses who have never used an invoicing or return-filing software before now have to use digital solutions.
…
GST impact: Here’s how Govt is easing compliance burden of small biz
Intimating and cancelling provisional migration under GST gets timeline extension; Revenue Secretary Hasmukh Adhia informs small businesses about extension through tweets
…
Industries accept GST with open arms, Network registration crosses 77 lakh
MoS for Finance Santosh Kumar Gangwar assures internet not compulsory to run business, connectivity required only while filing returns under GST
…
GST to benefit small traders & accelerate goods transportation: PM
While informing the Members of Parliament about the benefits of GST, the Prime Minister said the regime will accelerate the transportation of goods and be of advantage to small traders.
…
Textile 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…